Toyota Motor Rating Lowered to Neutral at Credit Suisse (TM)

By admin | 6 years ago

Toyota Motor (NYSE: TM) was downgraded by equities researchers at Credit Suisse (NYSE: CS) from an “outperform” rating to a “neutral” rating in a report issued on Friday.

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.

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