Credit Suisse Group upgraded shares of Toyota Motor (NYSE:TM) from a neutral rating to an outperform rating in a research report sent to investors on Monday morning, Briefing.com reports.

Several other brokerages have also recently issued reports on TM. Macquarie initiated coverage on Toyota Motor in a research report on Tuesday, July 28th. They issued an underperform rating on the stock. Zacks Investment Research raised Toyota Motor from a sell rating to a hold rating and set a $142.00 price objective on the stock in a research report on Tuesday, August 18th. Finally, ValuEngine raised Toyota Motor from a sell rating to a hold rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $142.00.

Shares of NYSE:TM opened at $134.03 on Monday. The stock has a market capitalization of $189.27 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 4.78 and a beta of 0.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.95 and a current ratio of 1.08. The stock’s 50-day simple moving average is $131.01 and its two-hundred day simple moving average is $125.68. Toyota Motor has a 52-week low of $108.01 and a 52-week high of $145.41.

Toyota Motor (NYSE:TM) last announced its earnings results on Thursday, August 6th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.78) by $2.84. The business had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $36.52 billion. Toyota Motor had a return on equity of 7.41% and a net margin of 5.78%. As a group, equities analysts forecast that Toyota Motor will post 8.17 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. FMR LLC lifted its holdings in Toyota Motor by 1.4% in the 1st quarter. FMR LLC now owns 31,610 shares of the company’s stock worth $3,731,000 after purchasing an additional 440 shares in the last quarter. UBS Group AG lifted its holdings in Toyota Motor by 20.0% in the 1st quarter. UBS Group AG now owns 37,511 shares of the company’s stock worth $4,500,000 after purchasing an additional 6,257 shares in the last quarter. Rhumbline Advisers lifted its holdings in Toyota Motor by 10.7% in the 1st quarter. Rhumbline Advisers now owns 2,055 shares of the company’s stock worth $246,000 after purchasing an additional 199 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Toyota Motor by 9.3% in the 1st quarter. Bank of New York Mellon Corp now owns 22,460 shares of the company’s stock worth $2,694,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Toyota Motor by 33.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 34,446 shares of the company’s stock worth $4,132,000 after purchasing an additional 8,696 shares in the last quarter. 1.16% of the stock is currently 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. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.

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