BNP Paribas Exane Initiates Coverage on Toyota Motor (NYSE:TM)

Equities research analysts at BNP Paribas Exane initiated coverage on shares of Toyota Motor (NYSE:TM) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $290.00 price target on the stock. BNP Paribas Exane’s price objective would suggest a potential upside of 16.83% from the company’s current price.

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

Toyota Motor Stock Performance

TM stock opened at $248.23 on Thursday. The stock’s 50 day simple moving average is $222.56 and its 200 day simple moving average is $205.94. Toyota Motor has a 12-month low of $155.00 and a 12-month high of $248.90. The firm has a market cap of $334.47 billion, a P/E ratio of 13.09 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.

Toyota Motor (NYSE:TM) last issued its earnings results on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. The firm had revenue of $76.37 billion for the quarter, compared to analysts’ expectations of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. As a group, equities research analysts predict that Toyota Motor will post 19.76 EPS for the current year.

Institutional Trading of Toyota Motor

Several institutional investors have recently made changes to their positions in the stock. Morgan Stanley grew its stake in Toyota Motor by 13.0% in the fourth quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock valued at $518,378,000 after purchasing an additional 279,110 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Toyota Motor by 3,027.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock valued at $54,107,000 after buying an additional 244,684 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Toyota Motor by 204.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock worth $49,162,000 after buying an additional 172,829 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Toyota Motor by 717.3% during the second quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after acquiring an additional 128,128 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Toyota Motor by 116.3% during the fourth quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock valued at $49,580,000 after acquiring an additional 124,520 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

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.