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

Key Points

• Morgan Stanley initiated coverage on Toyota with an "equal weight" rating, while MarketBeat shows a consensus analyst view of Moderate Buy and a $290 average price target.
• Toyota shares traded down to $191.45 (market cap ≈ $249.5B) with a P/E of 10.1 and a 52‑week range of $167.18–$248.90, below its 50- and 200-day moving averages near $214.
• In the latest quarter Toyota reported $6.26 EPS (beating estimates) but missed revenue at $76.37B, and sell-side analysts forecast about 18 EPS for the current fiscal year.

Investment analysts at Morgan Stanley initiated coverage on shares of Toyota Motor (NYSE:TM - Get Free Report) in a research note issued to investors on Friday. The brokerage set an "equal weight" rating on the stock.

TM has been the subject of several other research reports. BNP Paribas Exane started coverage on shares of Toyota Motor in a research note on Thursday, February 12th. They issued an "outperform" rating and a $290.00 price objective for the company. Zacks Research upgraded shares of Toyota Motor from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Toyota Motor in a research note on Monday, April 20th. DZ Bank upgraded shares of Toyota Motor from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, March 2nd. Finally, Erste Group Bank lowered shares of Toyota Motor from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $290.00.

Toyota Motor Stock Down 0.6%

NYSE TM traded down $1.17 on Friday, reaching $191.45. The company had a trading volume of 30,822 shares, compared to its average volume of 330,125. The stock has a market capitalization of $249.52 billion, a P/E ratio of 10.10 and a beta of 0.66. The company's fifty day moving average is $213.98 and its 200 day moving average is $214.18. Toyota Motor has a 52-week low of $167.18 and a 52-week high of $248.90. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63.

Toyota Motor (NYSE:TM - Get Free Report) last posted its quarterly earnings data on Saturday, February 7th. 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 analyst estimates of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. Sell-side analysts anticipate that Toyota Motor will post 18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TM. DeDora Capital Inc. lifted its stake in Toyota Motor by 2.1% in the 4th quarter. DeDora Capital Inc. now owns 2,141 shares of the company's stock worth $458,000 after purchasing an additional 45 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in Toyota Motor by 3.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,468 shares of the company's stock worth $314,000 after buying an additional 45 shares during the period. Independence Bank of Kentucky increased its stake in Toyota Motor by 18.4% in the 4th quarter. Independence Bank of Kentucky now owns 296 shares of the company's stock worth $63,000 after buying an additional 46 shares during the period. Cornerstone Planning Group LLC increased its stake in Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company's stock worth $38,000 after buying an additional 48 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its stake in Toyota Motor by 5.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company's stock worth $195,000 after buying an additional 50 shares during the period. 1.48% of the stock is 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.

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