Toyota Motor (NYSE:TM) Cut to Hold at CLSA

Toyota Motor (NYSE:TM) was downgraded by CLSA from an “outperform” rating to a “hold” rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports.

Other equities analysts have also recently issued reports about the stock. StockNews.com raised shares of Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Macquarie raised shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday.

Toyota Motor Price Performance

NYSE:TM traded up $7.26 during mid-day trading on Wednesday, reaching $194.82. 246,843 shares of the company were exchanged, compared to its average volume of 403,184. Toyota Motor has a 12 month low of $159.04 and a 12 month high of $255.23. The company has a fifty day moving average of $183.25 and a 200 day moving average of $180.15. The company has a quick ratio of 1.07, a current ratio of 1.23 and a debt-to-equity ratio of 0.61. The stock has a market cap of $262.50 billion, a PE ratio of 9.26, a PEG ratio of 0.36 and a beta of 0.63.

Toyota Motor (NYSE:TM) last released its earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.36 by $5.62. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. On average, research analysts anticipate that Toyota Motor will post 19.76 EPS for the current fiscal year.

Institutional Trading of Toyota Motor

Several institutional investors and hedge funds have recently modified their holdings of TM. Fisher Asset Management LLC grew its stake in Toyota Motor by 2.4% in the third quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock worth $1,207,571,000 after purchasing an additional 160,720 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Toyota Motor by 34,303.6% during the third quarter. International Assets Investment Management LLC now owns 417,660 shares of the company’s stock valued at $74,582,000 after purchasing an additional 416,446 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Toyota Motor by 10.5% during the third quarter. Natixis Advisors LLC now owns 358,892 shares of the company’s stock valued at $64,087,000 after purchasing an additional 34,141 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Toyota Motor during the third quarter valued at $58,660,000. Finally, Stifel Financial Corp lifted its holdings in shares of Toyota Motor by 7.3% during the third quarter. Stifel Financial Corp now owns 311,483 shares of the company’s stock valued at $55,632,000 after purchasing an additional 21,092 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Company Profile

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.