Macquarie Upgrades Toyota Motor (NYSE:TM) to “Outperform”

Toyota Motor (NYSE:TM) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday.

Separately, StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th.

Toyota Motor Stock Performance

Shares of TM stock opened at $183.87 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07. Toyota Motor has a one year low of $159.04 and a one year high of $255.23. The business’s 50 day simple moving average is $182.80 and its 200 day simple moving average is $180.33. The stock has a market capitalization of $247.75 billion, a PE ratio of 8.73, a PEG ratio of 0.36 and a beta of 0.63.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. The firm had revenue of $76.92 billion during the quarter, compared to the consensus estimate of $79.78 billion. As a group, research analysts forecast that Toyota Motor will post 19.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new stake in Toyota Motor in the second quarter valued at $753,000. AQR Capital Management LLC grew its stake in shares of Toyota Motor by 88.3% in the 2nd quarter. AQR Capital Management LLC now owns 3,619 shares of the company’s stock valued at $742,000 after buying an additional 1,697 shares during the period. Truist Financial Corp increased its position in Toyota Motor by 6.5% in the 2nd quarter. Truist Financial Corp now owns 9,019 shares of the company’s stock valued at $1,849,000 after buying an additional 550 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Toyota Motor in the 2nd quarter valued at about $1,880,000. Finally, Dynamic Advisor Solutions LLC raised its stake in Toyota Motor by 9.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,951 shares of the company’s stock worth $884,000 after buying an additional 431 shares during the period. 1.48% of the stock is owned by institutional investors.

About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.