Toyota Motor Corp (TM) Shares Gap Up to $118.62
Toyota Motor Corp (NYSE:TM) gapped up before the market opened on Monday . The stock had previously closed at $117.92, but opened at $118.62. Toyota Motor Corp shares last traded at $120.27, with a volume of 116,845 shares.
Several equities research analysts have weighed in on the company. Citigroup Inc. cut Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Thursday. Zacks Investment Research cut Toyota Motor Corp from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Mizuho cut Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Finally, Jefferies Group dropped their price target on 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Toyota Motor Corp currently has an average rating of “Hold” and a consensus price target of $108.54.
The company has a market capitalization of $181.19 billion and a price-to-earnings ratio of 8.50. The firm’s 50 day moving average price is $113.74 and its 200-day moving average price is $106.54.
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.