Toyota Motor (NYSE:TM) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Toyota Motor (NYSE:TM) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Several other equities analysts also recently issued reports on the stock. Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, October 8th. Sanford C. Bernstein raised shares of Toyota Motor from a “market perform” rating to an “outperform” rating in a research report on Monday, August 18th. Finally, Zacks Research lowered Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Toyota Motor has a consensus rating of “Hold”.

Toyota Motor Trading Down 0.5%

TM stock traded down $0.92 during midday trading on Friday, reaching $202.02. 340,497 shares of the company traded hands, compared to its average volume of 385,914. The firm has a market capitalization of $272.20 billion, a price-to-earnings ratio of 9.74 and a beta of 0.63. Toyota Motor has a 52-week low of $155.00 and a 52-week high of $211.24. The business has a 50 day moving average of $198.84 and a 200-day moving average of $189.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.27.

Toyota Motor (NYSE:TM) last released its earnings results on Wednesday, November 5th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $3.36 by $1.49. The firm had revenue of $80.69 billion for the quarter, compared to analysts’ expectations of $79.06 billion. Toyota Motor had a return on equity of 11.63% and a net margin of 8.77%. Toyota Motor has set its FY 2026 guidance at 15.249-15.249 EPS. As a group, sell-side analysts expect that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toyota Motor

Several hedge funds have recently made changes to their positions in TM. Fiera Capital Corp acquired a new position in Toyota Motor in the 3rd quarter valued at about $261,000. Syon Capital LLC raised its position in shares of Toyota Motor by 17.2% in the 3rd quarter. Syon Capital LLC now owns 5,157 shares of the company’s stock worth $985,000 after buying an additional 757 shares during the period. Advisors Capital Management LLC acquired a new position in Toyota Motor in the third quarter valued at $223,000. Axxcess Wealth Management LLC grew its position in Toyota Motor by 13.1% during the third quarter. Axxcess Wealth Management LLC now owns 4,298 shares of the company’s stock valued at $821,000 after acquiring an additional 497 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Toyota Motor by 26.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 107,094 shares of the company’s stock worth $20,465,000 after purchasing an additional 22,177 shares during the period. Institutional investors and hedge funds 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.