Toyota Motor Corp (TM) Announces Quarterly Results
Toyota Motor Corp (NYSE:TM) announced its earnings results on Tuesday. The company reported $1.84 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.96 by $0.12, StockRatingsNetwork.com reports.
TM has been the subject of a number of recent research reports. Analysts at Morgan Stanley downgraded shares of Toyota Motor Corp from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 22nd. On a related note, analysts at Mitsubishi UFJ Morgan Stanley downgraded shares of Toyota Motor Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. Finally, analysts at Mizuho upgraded shares of Toyota Motor Corp from a “neutral” rating to a “buy” rating in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $131.81.
Toyota Motor Corp (NYSE:TM) opened at 108.61 on Tuesday. Toyota Motor Corp has a 1-year low of $103.38 and a 1-year high of $134.94. The stock has a 50-day moving average of $109.0 and a 200-day moving average of $116.3. The company has a market cap of $172.1 billion and a price-to-earnings ratio of 9.68. Toyota Motor Corp also saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 805,297 shares, a drop of 49.0% from the April 15th total of 1,578,439 shares. Based on an average trading volume of 381,733 shares, the short-interest ratio is currently 2.1 days. Approximately 0.0% of the company’s shares are short sold.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business.
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