Toyota Motor (NYSE: TM) was upgraded by investment analysts at Barclays Capital (NYSE: BCS) to an “overweight” rating in a note issued to investors on Monday.
Toyota Motor traded down 2.30% on Monday, hitting $81.93. Toyota Motor has a 52-week low of $60.37 and a 52-week high of $87.15. The company has a market cap of $256.9 billion and a price-to-earnings ratio of 114.25.
The company last announced its quarterly results on Tuesday, February 7th. It reported $25.81 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $15.65 EPS by $10.16. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Toyota Motor will post $1.22 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse (NYSE: CS) upgraded shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, March 5th. Separately, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Toyota Motor in a research note to investors on Wednesday, February 8th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Toyota Motor in a research note to investors on Tuesday, January 24th. They now have a $75.00 price target on the stock.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business.
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