Toyota Motor Corp Receives Consensus Rating of “Buy” from Brokerages (NYSE:TM)
Shares of Toyota Motor Corp (NYSE:TM) have received a consensus rating of “Buy” from the nine brokerages that are presently covering the stock, AnalystRatings.NET reports. Four research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $131.90.
Toyota Motor Corp (NYSE:TM) opened at 115.96 on Thursday. Toyota Motor Corp has a 52-week low of $103.38 and a 52-week high of $132.53. The stock’s 50-day moving average is $117.4 and its 200-day moving average is $113.. The company has a market cap of $183.8 billion and a price-to-earnings ratio of 10.38.
Toyota Motor Corp (NYSE:TM) last announced its earnings results on Tuesday, August 5th. The company reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.54.
A number of analysts have recently weighed in on TM shares. Analysts at Zacks reiterated a “neutral” rating on shares of Toyota Motor Corp in a research note on Tuesday, August 5th. They now have a $124.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Toyota Motor Corp from $133.62 to $139.80 in a research note on Thursday, July 3rd. They now have a “buy” rating on the stock. Finally, analysts at ISI Group initiated coverage on shares of Toyota Motor Corp in a research note on Monday, June 16th. They set a “strong-buy” rating on the stock.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business.
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