According to Zacks, “Toyota focuses on product development, capacity increases and expansion in emerging markets. The automaker also made several structural changes in order to deliver high-quality vehicles and improve the strength and autonomy of regional operations. Toyota, along with Daihatsu, plans to establish an internal company aimed at developing and launching competitive compact vehicles in the emerging markets where the potential for growth remains high. However, declining global sales, a string of product recalls and large fines pose concerns for Toyota. Also, the company issued a weak guidance for earnings, operating income and revenues for fiscal 2017.”
Several other research firms also recently issued reports on TM. Goldman Sachs Group Inc. downgraded Toyota Motor Corp. from a buy rating to a neutral rating in a research note on Monday, September 5th. Citigroup Inc. downgraded Toyota Motor Corp. from a buy rating to a neutral rating in a research note on Thursday, August 25th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $106.94.
Toyota Motor Corp. (NYSE:TM) traded down 0.88% during trading on Thursday, hitting $115.42. 113,470 shares of the stock were exchanged. The stock has a market capitalization of $173.78 billion, a price-to-earnings ratio of 8.24 and a beta of 0.64. Toyota Motor Corp. has a 52 week low of $97.80 and a 52 week high of $127.28. The firm has a 50-day moving average of $118.66 and a 200-day moving average of $108.75.
Hedge funds have recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. increased its stake in Toyota Motor Corp. by 25.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,320,729 shares of the company’s stock worth $140,420,000 after buying an additional 265,680 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Toyota Motor Corp. by 27.1% in the first quarter. Renaissance Technologies LLC now owns 705,700 shares of the company’s stock valued at $75,030,000 after buying an additional 150,400 shares during the period. Donald Smith & CO. Inc. increased its stake in shares of Toyota Motor Corp. by 12.0% in the second quarter. Donald Smith & CO. Inc. now owns 701,723 shares of the company’s stock valued at $70,165,000 after buying an additional 75,275 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Toyota Motor Corp. by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 700,844 shares of the company’s stock valued at $70,077,000 after buying an additional 14,356 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Toyota Motor Corp. by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 555,400 shares of the company’s stock valued at $55,534,000 after buying an additional 4,545 shares during the period. 1.08% of the stock is owned by institutional investors and hedge funds.
Toyota Motor Corp. Company Profile
Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.
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