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Toyota Motor Corp (ADR) (NYSE:TM) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings.Net reports.

Toyota Motor Corp (NYSE:TM) opened at 108.49 on Tuesday. Toyota Motor Corp has a 52-week low of $103.38 and a 52-week high of $134.94. The stock’s 50-day moving average is $110.3 and its 200-day moving average is $119.3. The company has a market cap of $171.9 billion and a price-to-earnings ratio of 7.37.

Toyota Motor Corp (ADR) (NYSE:TM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $3.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.74 by $0.53. Analysts expect that Toyota Motor Corp will post $11.99 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Mitsubishi UFJ Morgan Stanley downgraded shares of Toyota Motor Corp (ADR) from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Separately, analysts at Mizuho upgraded shares of Toyota Motor Corp (ADR) from a “neutral” rating to a “buy” rating in a research note on Friday, April 11th. Finally, analysts at Jefferies Group upgraded shares of Toyota Motor Corp (ADR) from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. They now have a $133.62 price target on the stock, down previously from $141.59. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Toyota Motor Corp (ADR) has an average rating of “Buy” and an average target price of $131.81.

TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business.

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