Toyota Motor Rating Lowered to Neutral at Credit Suisse (TM)
Shares of Toyota Motor traded down 1.03% during mid-day trading on Friday, hitting $74.04. Toyota Motor has a 52 week low of $60.37 and a 52 week high of $87.15. The company has a market cap of $117.2 billion and a P/E ratio of 32.36.
Toyota Motor last announced its earnings results on Wednesday, May 9th. The company reported $38.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.32 by $3.06. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, analysts predict that Toyota Motor will post $1.60 earnings per share next quarter.
A number of other analysts have also recently weighed in on TM. Analysts at Zacks upgraded shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, May 29th. They now have a $93.00 price target on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) upgraded shares of Toyota Motor to an “overweight” rating in a research note to investors on Monday, April 9th.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business.