Toyota Motor Corp Sees Significant Decline in Short Interest (TM)
Toyota Motor Corp (NYSE:TM) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 805,297 shares, a decline of 49.0% from the April 15th total of 1,578,439 shares, AnalystRatingsNetwork reports. Based on an average daily trading volume, of 381,733 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.0% of the shares of the company are sold short.
Several analysts have recently commented on the stock. 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. Separately, 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 issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $131.81.
Shares of Toyota Motor Corp (NYSE:TM) opened at 109.64 on Tuesday. Toyota Motor Corp has a one year low of $103.38 and a one year high of $134.94. The stock’s 50-day moving average is $108.6 and its 200-day moving average is $116.0. The company has a market cap of $173.8 billion and a price-to-earnings ratio of 9.69.
Toyota Motor Corp (NYSE:TM) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $1.84 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.96 by $0.12. On average, analysts predict that Toyota Motor Corp will post $11.98 earnings per share 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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