Toyota Motor (TM) Upgraded to “Neutral” by Bank of America
Toyota Motor (NYSE:TM) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued on Thursday, Marketbeat reports.
A number of other brokerages have also recently commented on TM. Zacks Investment Research cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Macquarie raised shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 6th. Finally, ValuEngine raised shares of Toyota Motor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Toyota Motor presently has a consensus rating of “Buy” and a consensus target price of $125.74.
Toyota Motor (NYSE:TM) opened at $130.59 on Thursday. Toyota Motor has a 52 week low of $103.62 and a 52 week high of $140.99. The company has a market cap of $191,562.59, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.63 and a beta of 0.73. The company has a quick ratio of 0.90, a current ratio of 1.04 and a debt-to-equity ratio of 0.53.
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Toyota Motor Company Profile
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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