Toyota Motor (NYSE:TM) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Toyota Motor (NYSE:TMFree Report) in a research note issued to investors on Friday. The firm issued an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the company. BNP Paribas Exane began coverage on Toyota Motor in a report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Zacks Research raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Erste Group Bank cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $290.00.

View Our Latest Stock Analysis on TM

Toyota Motor Price Performance

Shares of NYSE TM traded down $3.73 on Friday, hitting $188.90. The company’s stock had a trading volume of 440,974 shares, compared to its average volume of 384,057. The stock has a 50 day moving average of $213.98 and a 200-day moving average of $214.18. The company has a market capitalization of $246.19 billion, a price-to-earnings ratio of 9.96 and a beta of 0.58. Toyota Motor has a 12-month low of $167.18 and a 12-month high of $248.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12.

Toyota Motor (NYSE:TMGet Free Report) last issued its quarterly earnings data on Saturday, February 7th. The company reported $6.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The business had revenue of $76.37 billion during the quarter, compared to analysts’ expectations of $82 billion. As a group, research analysts predict that Toyota Motor will post 18 EPS for the current year.

Hedge Funds Weigh In On Toyota Motor

Several large investors have recently added to or reduced their stakes in TM. Root Financial Partners LLC purchased a new stake in Toyota Motor in the 3rd quarter valued at about $26,000. Highline Wealth Partners LLC lifted its holdings in shares of Toyota Motor by 92.4% during the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after acquiring an additional 73 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Toyota Motor in the first quarter worth approximately $33,000. Cornerstone Planning Group LLC grew its holdings 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 purchasing an additional 48 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Toyota Motor by 302.1% in the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after purchasing an additional 142 shares during the period. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Toyota Motor

Here are the key news stories impacting Toyota Motor this week:

About Toyota Motor

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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.

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Analyst Recommendations for Toyota Motor (NYSE:TM)

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