Toyota Motor (NYSE:TM) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Toyota Motor (NYSE:TM) from a hold rating to a sell rating in a research note released on Friday morning.

Toyota Motor Stock Up 1.1 %

TM stock opened at $199.52 on Friday. The firm’s 50-day moving average is $175.42 and its two-hundred day moving average is $182.79. The company has a current ratio of 1.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $268.84 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.31 and a beta of 0.67. Toyota Motor has a 52 week low of $159.04 and a 52 week high of $255.23.

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 return on equity of 12.02% and a net margin of 9.17%. The firm had revenue of $76.92 billion during the quarter, compared to the consensus estimate of $79.78 billion. On average, analysts forecast that Toyota Motor will post 21.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TM. Stifel Financial Corp boosted its position in shares of Toyota Motor by 7.3% in the third quarter. Stifel Financial Corp now owns 311,483 shares of the company’s stock worth $55,632,000 after buying an additional 21,092 shares during the period. Fisher Asset Management LLC boosted its position in Toyota Motor by 2.4% during the 3rd quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock worth $1,207,571,000 after acquiring an additional 160,720 shares during the period. Atom Investors LP acquired a new stake in Toyota Motor during the 3rd quarter worth about $841,000. Dynamic Technology Lab Private Ltd purchased a new position in Toyota Motor during the 3rd quarter valued at about $664,000. Finally, Moran Wealth Management LLC increased its holdings in shares of Toyota Motor by 62.4% in the 3rd quarter. Moran Wealth Management LLC now owns 27,433 shares of the company’s stock valued at $4,899,000 after purchasing an additional 10,545 shares during the period. 1.48% of the stock is owned by hedge funds and other 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.