Toyota Motor Corp (TM) Shares Gap Up to $118.94
Toyota Motor Corp (NYSE:TM)’s share price gapped up prior to trading on Friday . The stock had previously closed at $118.70, but opened at $118.94. Toyota Motor Corp shares last traded at $119.63, with a volume of 162,669 shares trading hands.
Several brokerages have recently weighed in on TM. Zacks Investment Research downgraded shares of Toyota Motor Corp from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Jefferies Group decreased their target price on shares of Toyota Motor Corp from $114.78 to $113.64 and set a “hold” rating for the company in a research note on Friday, May 13th. Finally, Mizuho downgraded shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Toyota Motor Corp currently has an average rating of “Hold” and an average price target of $108.54.
The company has a market capitalization of $180.11 billion and a P/E ratio of 8.54. The stock’s 50-day moving average price is $110.72 and its 200 day moving average price is $106.21.
A hedge fund recently raised its stake in Toyota Motor Corp stock. Bank of Montreal Can increased its stake in Toyota Motor Corp (NYSE:TM) by 25.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,353 shares of the company’s stock after buying an additional 4,139 shares during the period. Bank of Montreal Can’s holdings in Toyota Motor Corp were worth $2,504,000 at the end of the most recent quarter.
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