Toyota Motor (NYSE:TM) Lowered to Sell Rating by StockNews.com

Toyota Motor (NYSE:TM) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Toyota Motor Price Performance

NYSE:TM traded up $2.16 during mid-day trading on Friday, hitting $199.52. The company’s stock had a trading volume of 779,488 shares, compared to its average volume of 333,147. The company has a market capitalization of $268.84 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 0.31 and a beta of 0.67. 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 fifty-two week low of $159.04 and a fifty-two week high of $255.23. The stock has a fifty day moving average of $175.42 and a 200-day moving average of $183.11.

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

Hedge Funds Weigh In On Toyota Motor

Several institutional investors have recently added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new stake in shares of Toyota Motor during the third quarter worth $27,000. Jamison Private Wealth Management Inc. raised its stake in shares of Toyota Motor by 300.0% in the third quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock worth $30,000 after acquiring an additional 126 shares during the last quarter. Grove Bank & Trust bought a new position in shares of Toyota Motor in the third quarter worth about $32,000. Asset Dedication LLC lifted its position in shares of Toyota Motor by 118.0% during the second quarter. Asset Dedication LLC now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 118 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Toyota Motor by 188.2% during the third quarter. Brown Brothers Harriman & Co. now owns 294 shares of the company’s stock valued at $52,000 after purchasing an additional 192 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

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.