Toyota Motor (NYSE:TM) Coverage Initiated by Analysts at BNP Paribas Exane

Stock analysts at BNP Paribas Exane began coverage on shares of Toyota Motor (NYSE:TM) in a research note issued to investors on Thursday. The firm set an “outperform” rating and a $290.00 price target on the stock. BNP Paribas Exane’s price objective indicates a potential upside of 19.50% from the company’s current price.

A number of other research firms also recently commented on TM. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “buy” rating in a research report on Friday, October 31st. Zacks Research raised shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $290.00.

Toyota Motor Stock Performance

Shares of NYSE TM opened at $242.67 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.63. Toyota Motor has a 1-year low of $155.00 and a 1-year high of $246.36. The stock’s 50-day moving average is $220.65 and its 200 day moving average is $205.26. The stock has a market cap of $326.98 billion, a price-to-earnings ratio of 12.79 and a beta of 0.62.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Friday, February 6th. The company reported $6.26 EPS for the quarter, beating the consensus estimate of $4.35 by $1.91. The firm had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. On average, sell-side analysts anticipate that Toyota Motor will post 19.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Root Financial Partners LLC acquired a new stake in shares of Toyota Motor during the third quarter worth approximately $26,000. Highline Wealth Partners LLC raised its position in Toyota Motor by 92.4% during the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after acquiring an additional 73 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in Toyota Motor by 37.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after acquiring an additional 48 shares during the last quarter. NewSquare Capital LLC raised its holdings in Toyota Motor by 65.7% during the second quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock valued at $39,000 after buying an additional 90 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Toyota Motor by 302.1% during the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

About Toyota Motor

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.