Toyota Motor Corp (ADR) Rating Lowered to Neutral at Mitsubishi UFJ Morgan Stanley (TM)
Toyota Motor Corp (ADR) (NYSE:TM) was downgraded by equities researchers at Mitsubishi UFJ Morgan Stanley from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, Analyst Ratings Network.com reports.
A number of other firms have also recently commented on TM. 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. Separately, 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. Finally, analysts at Bank of America downgraded shares of Toyota Motor Corp (ADR) from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Toyota Motor Corp (ADR) has an average rating of “Buy” and a consensus price target of $131.81.
Toyota Motor Corp (NYSE:TM) traded down 0.20% on Tuesday, hitting $108.42. The stock had a trading volume of 343,934 shares. Toyota Motor Corp has a 1-year low of $103.38 and a 1-year high of $134.94. The stock’s 50-day moving average is $110.2 and its 200-day moving average is $119.2. The company has a market cap of $171.8 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 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.74 by $0.53. Analysts expect that Toyota Motor Corp will post $11.99 EPS for the current fiscal year.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business.
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