Toyota Motor Corp (TM) Shares Gap Up to $115.07
Shares of Toyota Motor Corp (NYSE:TM) gapped up prior to trading on Tuesday . The stock had previously closed at $114.61, but opened at $115.07. Toyota Motor Corp shares last traded at $116.49, with a volume of 119,657 shares.
TM has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Toyota Motor Corp from a “strong sell” rating to a “hold” rating in a report on Thursday, July 14th. Citigroup Inc. lowered shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a report on Thursday, August 25th. Finally, Goldman Sachs Group Inc. lowered shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a report on Monday, September 5th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Toyota Motor Corp currently has an average rating of “Hold” and an average price target of $108.54.
The firm’s 50-day moving average price is $118.17 and its 200 day moving average price is $107.92. The firm has a market capitalization of $175.35 billion, a price-to-earnings ratio of 8.42 and a beta of 0.70.
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A number of institutional investors have recently modified their holdings of the stock. Thornburg Investment Management Inc. purchased a new position in shares of Toyota Motor Corp during the second quarter valued at approximately $29,706,000. Adage Capital Partners GP L.L.C. increased its position in shares of Toyota Motor Corp by 25.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,320,729 shares of the company’s stock valued at $140,420,000 after buying an additional 265,680 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Toyota Motor Corp by 27.1% in the first quarter. Renaissance Technologies LLC now owns 705,700 shares of the company’s stock valued at $75,030,000 after buying an additional 150,400 shares during the last quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST purchased a new position in shares of Toyota Motor Corp during the second quarter valued at approximately $14,299,000. Finally, Bank of Montreal Can purchased a new position in shares of Toyota Motor Corp during the second quarter valued at approximately $11,984,000.
About Toyota Motor Corp
Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.
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