Toyota Motor Corp Ltd Ord (NYSE:TM) was downgraded by equities research analysts at Goldman Sachs Group Inc. from a "buy" rating to a "neutral" rating in a note issued to investors on Monday, MarketBeat.com reports.
A number of other equities research analysts have also weighed in on TM. Mizuho lowered Toyota Motor Corp from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 11th. Zacks Investment Research lowered Toyota Motor Corp from a "hold" rating to a "strong sell" rating in a research note on Friday, May 13th. Jefferies Group decreased their target price on Toyota Motor Corp from $114.78 to $113.64 and set a "hold" rating for the company in a report on Friday, May 13th.
Finally, Citigroup Inc (NYSE:C). downgraded Toyota Motor Corp from a "buy" rating to a "neutral" rating in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Toyota Motor Corp has an average rating of "Hold" and a consensus target price of $108.54.
Toyota Motor Corp (NYSE:TM) traded up 0.88% during midday trading on Monday, reaching $122.08. 339,019 shares of the company traded hands. The stock has a market capitalization of $183.81 billion and a P/E ratio of 8.66. Toyota Motor Corp has a 1-year low of $97.80 and a 1-year high of $127.28. The firm has a 50-day moving average of $115.32 and a 200-day moving average of $106.97.
A number of hedge funds and institutional investors recently made changes to their positions in TM. Winslow Evans & Crocker Inc. increased its position in shares of Toyota Motor Corp by 95.4% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,114 shares of the company's stock worth $111,000 after buying an additional 544 shares during the last quarter.
Quadrant Capital Group LLC increased its position in shares of Toyota Motor Corp by 175.3% in the second quarter. Quadrant Capital Group LLC now owns 1,649 shares of the company's stock worth $159,000 after buying an additional 1,050 shares during the last quarter. Seven Eight Capital LLC increased its position in shares of Toyota Motor Corp by 33.3% in the first quarter.
Seven Eight Capital LLC now owns 1,600 shares of the company's stock worth $170,000 after buying an additional 400 shares during the last quarter. Signaturefd LLC increased its position in shares of Toyota Motor Corp by 121.5% in the second quarter. Signaturefd LLC now owns 1,810 shares of the company's stock worth $181,000 after buying an additional 993 shares during the last quarter.
Finally, BTC Capital Management Inc. increased its position in shares of Toyota Motor Corp by 1.5% in the first quarter. BTC Capital Management Inc. now owns 2,502 shares of the company's stock worth $264,000 after buying an additional 37 shares during the last quarter.
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.