Erste Group Bank Reaffirms “Hold” Rating for Toyota Motor (NYSE:TM)

Erste Group Bank reiterated their hold rating on shares of Toyota Motor (NYSE:TM) in a research report sent to investors on Friday, Benzinga reports.

Toyota Motor Stock Performance

TM opened at $197.13 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 1.02. The business has a fifty day simple moving average of $223.09 and a 200 day simple moving average of $216.72. Toyota Motor has a 1 year low of $152.78 and a 1 year high of $255.23. The company has a market capitalization of $265.62 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.34 and a beta of 0.69.

Toyota Motor (NYSE:TM) last announced its earnings results on Wednesday, May 8th. The company reported $4.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $2.08. Toyota Motor had a net margin of 10.99% and a return on equity of 15.07%. The company had revenue of $74.56 billion during the quarter, compared to analysts’ expectations of $67.21 billion. Research analysts expect that Toyota Motor will post 22.07 EPS for the current year.

Institutional Investors Weigh In On Toyota Motor

Large investors have recently bought and sold shares of the company. Criterion Capital Advisors LLC acquired a new stake in shares of Toyota Motor during the 4th quarter worth approximately $26,000. Pathway Financial Advisers LLC acquired a new stake in shares of Toyota Motor in the 1st quarter valued at $30,000. Northwest Financial Advisors bought a new position in shares of Toyota Motor in the 4th quarter valued at $34,000. Richardson Financial Services Inc. acquired a new position in shares of Toyota Motor during the 4th quarter worth $37,000. Finally, Bfsg LLC bought a new stake in shares of Toyota Motor during the 1st quarter worth $38,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

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.