Toyota Motor Corp (TM) Shares Gap Down to $120.34
Toyota Motor Corp (NYSE:TM) gapped down before the market opened on Tuesday . The stock had previously closed at $119.84, but opened at $120.34. Toyota Motor Corp shares last traded at $121.17, with a volume of 93,304 shares traded.
A number of equities research analysts have recently issued reports on the company. Citigroup Inc. cut Toyota Motor Corp from a “buy” rating to a “neutral” rating in a report on Thursday, August 25th. Zacks Investment Research cut Toyota Motor Corp from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Jefferies Group reduced their price objective on Toyota Motor Corp from $114.78 to $113.64 and set a “hold” rating for the company in a report on Friday, May 13th. Finally, Mizuho cut Toyota Motor Corp from a “buy” rating to a “neutral” rating in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $108.54.
The firm has a market capitalization of $182.55 billion and a P/E ratio of 8.56. The firm’s 50 day moving average price is $114.17 and its 200-day moving average price is $106.66.
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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