Toyota Motor (NYSE:TM) Upgraded at StockNews.com

Toyota Motor (NYSE:TM) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Toyota Motor Stock Up 1.4 %

NYSE TM traded up $2.62 during trading hours on Tuesday, reaching $193.01. 583,307 shares of the company traded hands, compared to its average volume of 618,676. The stock has a market capitalization of $260.06 billion, a PE ratio of 9.17, a PEG ratio of 0.31 and a beta of 0.63. The company has a current ratio of 1.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. Toyota Motor has a 12 month low of $159.04 and a 12 month high of $255.23. The company has a 50 day moving average of $178.45 and a two-hundred day moving average of $182.71.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.39 by ($1.49). The firm had revenue of $76.92 billion for the quarter, compared to analyst estimates of $79.78 billion. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. As a group, equities analysts expect that Toyota Motor will post 21.56 earnings per share for the current year.

Hedge Funds Weigh In On Toyota Motor

Hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC lifted its position in shares of Toyota Motor by 2.4% during the 3rd quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock valued at $1,207,571,000 after acquiring an additional 160,720 shares during the last quarter. International Assets Investment Management LLC raised its position 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 worth $74,582,000 after purchasing an additional 416,446 shares during the period. 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 during the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Toyota Motor during the third quarter valued at $58,660,000. Finally, Stifel Financial Corp boosted its position in shares of Toyota Motor by 7.3% in the 3rd 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 during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

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.