Jefferies Raises Toyota Motor (TM) Stock To a Buy Rating

Toyota Motor Corporation (NYSE:TM) Logo

Toyota Motor (TM) Stock Upgrade

In a research report made public on Thursday morning, stock research analysts at the Jefferies research division increased shares of Toyota Motor (TM) stock from a Hold to a respectable Buy rating.

The stock increased 0.79% or $0.95 during the last trading session, reaching $121.83. About 354,646 shares traded or 54.98% up from the average. Toyota Motor Corporation (TM) has risen 2.89% since December 7, 2017 and is uptrending. It has underperformed by 12.73% the S&P500.

Analysts await Toyota Motor Corporation (NYSE:TM) to report earnings on February, 5. They expect $3.84 earnings per share, down 31.06 % or $1.73 from last year’s $5.57 per share. TM’s profit will be $5.44B for 7.93 P/E if the $3.84 EPS becomes a reality. After $3.59 actual earnings per share reported by Toyota Motor Corporation for the previous quarter, Wall Street now forecasts 6.96 % EPS growth.

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. The company has market cap of $172.44 billion. The firm operates through Automotive, Financial Services, and All Other divisions. It has a 7.45 P/E ratio. It offers hybrid cars under the Prius, Voxy/Noah, NX300h, RC300h, Esquire, Alphard, Vellfire, Sienta, RX-HV, Auris, C-HR, and LC names; fuel cell passenger vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla sedan, Yaris, Vitz, Aygo, Corolla Axio/Fielder, Porte, Spade, Auris, Etios, Vios, AGYA, and Yaris iA brand names.

More notable recent Toyota Motor Corporation (NYSE:TM) news were published by: 247Wallst.com which released: “Toyota Prius Recall Affects 2.4 Million Vehicles Worldwide – 24/7 Wall St.” on October 05, 2018, also Gurufocus.com with their article: “Toyota Racing Development Turns Up Heat for Camry and Avalon – GuruFocus.com” published on November 16, 2018, Fool.com published: “Better Buy: Toyota Motor Corporation vs. Ford – The Motley Fool” on August 31, 2018. More interesting news about Toyota Motor Corporation (NYSE:TM) were released by: Bizjournals.com and their article: “Automotive Minute: World’s best-selling car gets a complete redesign for 2020 (Photos) – Atlanta Business Chronicle” published on November 16, 2018 as well as 247Wallst.com‘s news article titled: “Toyota’s Japan Production Halted by Earthquake – 24/7 Wall St.” with publication date: September 07, 2018.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.