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

Toyota Motor (NYSE:TM) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Toyota Motor Stock Up 1.1 %

Shares of NYSE:TM opened at $199.52 on Friday. Toyota Motor has a 52 week low of $159.04 and a 52 week high of $255.23. The company has a market capitalization of $268.84 billion, a PE ratio of 9.48, a P/E/G ratio of 0.31 and a beta of 0.67. The company’s fifty day moving average is $175.42 and its 200-day moving average is $182.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.23.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results 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 business had revenue of $76.92 billion during the quarter, compared to the consensus estimate of $79.78 billion. Toyota Motor had a return on equity of 12.02% and a net margin of 9.17%. Equities research analysts predict that Toyota Motor will post 21.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toyota Motor

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in shares of Toyota Motor by 2.4% during the third quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock valued at $1,207,571,000 after buying an additional 160,720 shares during the last quarter. International Assets Investment Management LLC grew its position in Toyota Motor by 34,303.6% in the 3rd 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 in the last quarter. Natixis Advisors LLC increased its stake in Toyota Motor by 10.5% in the 3rd quarter. Natixis Advisors LLC now owns 358,892 shares of the company’s stock valued at $64,087,000 after buying an additional 34,141 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Toyota Motor during the 3rd quarter worth approximately $58,660,000. Finally, Stifel Financial Corp boosted its stake 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 worth $55,632,000 after buying an additional 21,092 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

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.