Toyota Motor Corp (TM) Shares Gap Down to $116.46
Toyota Motor Corp (NYSE:TM)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $115.46, but opened at $116.46. Toyota Motor Corp shares last traded at $118.28, with a volume of 197,879 shares traded.
Several equities analysts have recently commented on TM shares. Citigroup Inc. downgraded shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a report on Thursday, August 25th. Goldman Sachs Group Inc. downgraded shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a report on Monday, September 5th. Finally, Zacks Investment Research raised shares of Toyota Motor Corp from a “strong sell” rating to a “hold” rating in a report on Thursday, July 14th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Toyota Motor Corp presently has a consensus rating of “Hold” and an average target price of $108.54.
The stock’s 50 day moving average price is $118.44 and its 200-day moving average price is $108.00. The firm has a market cap of $179.85 billion, a P/E ratio of 8.63 and a beta of 0.70.
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Several large investors have recently modified their holdings of TM. Thornburg Investment Management Inc. purchased a new stake in shares of Toyota Motor Corp during the second quarter worth approximately $29,706,000. Adage Capital Partners GP L.L.C. boosted its stake 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 worth $140,420,000 after buying an additional 265,680 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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 worth $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 stake in shares of Toyota Motor Corp during the second quarter worth approximately $14,299,000. Finally, Bank of Montreal Can purchased a new stake in shares of Toyota Motor Corp during the second quarter worth 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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