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

BNP Paribas Exane began coverage on shares of Toyota Motor (NYSE:TM) in a research report sent to investors on Thursday, MarketBeat.com reports. The brokerage issued an outperform rating and a $290.00 price target on the stock.

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

Toyota Motor Stock Down 0.3%

TM stock opened at $242.01 on Thursday. The stock has a market cap of $326.08 billion, a P/E ratio of 12.76 and a beta of 0.62. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $221.53 and its two-hundred day simple moving average is $205.51. Toyota Motor has a 1-year low of $155.00 and a 1-year high of $246.36.

Toyota Motor (NYSE:TM) last announced its earnings results on Friday, February 6th. The company reported $6.26 earnings per share (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 analyst estimates of $82 billion. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%. Analysts expect that Toyota Motor will post 19.76 EPS for the current year.

Institutional Investors Weigh In On Toyota Motor

Several hedge funds and other institutional investors have recently modified their holdings of TM. DeDora Capital Inc. grew its stake in Toyota Motor by 2.1% during the fourth quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock valued at $458,000 after acquiring an additional 45 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in Toyota Motor by 18.4% in the 4th quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock valued at $63,000 after purchasing an additional 46 shares during the period. Cornerstone Planning Group LLC grew its position in shares of Toyota Motor by 37.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after purchasing an additional 48 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Toyota Motor by 5.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company’s stock worth $195,000 after purchasing an additional 50 shares during the period. Finally, J2 Capital Management Inc raised its position in shares of Toyota Motor by 2.4% in the fourth quarter. J2 Capital Management Inc now owns 2,125 shares of the company’s stock worth $455,000 after buying an additional 50 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

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.