Bidness Etc - Toyota Motors Shares See a Rise in Price

Toyota Motors has been doing wonders in the stock market lately. The shares of the auto makers reached a new 52-week high on Thursday, 19th February 2015, coming around at $135.30. The session opened with the share price at $134.50 and the highest point that it reached was recorded at $135.49. The lowest point that the share price fell during the trading session was reported at $134.38.
Many research equity firms have presented their analysis on the company’s current financial status in the stock market. Financial analysts at Jefferies Group have announced the ratings for the auto making company and also raised their previous price target on the shares of the firm from $144.82 to $145.89. In the same research note, analysts at Jefferies gave Toyota Motors shares a ‘buy’ rating.
Equity analysts at Zacks revised the ratings that they gave the auto giant’s shares previously and updated it to a ‘neutral’ rating. On the research report that they presented on 12th December 2014, the analysts of the company have set the price target of the Japanese firm’s shares to $132.00.
Out of the other analysts that have given their ratings to the company, three have rated the stock of the corporation with a ‘hold’ rating whereas four have given a ‘buy’ rating to the company’s stock. One of the financial firms has given a ‘strong buy’ rating to Toyota’s stock.
The Japanese auto makers have a stock with a 52-day moving estimate of $129.0 and 200-day moving rate estimated at $121.1. The company’s market cap value stands at 228.87 billion and the P/E ratio of 13.06.
The car making company announced its quarterly earnings report on 11th February, 2015 and the earnings per share were reported at $3.15. Analysts had expected the EPS to turn out at $3.16 and the actual earnings were $0.01 lesser than expectations.
Toyota Motors Corp (NYSE:TM) is a Japanese based company which deals in creating, manufacturing and producing cars. The company currently is engaged in two major business segments. The first one deals with the manufacturing, designs, creation and production of automobiles. This department is also responsible for the sales of the cars created by the company. Vehicles like sedans, trucks, sports cars and minivans are exported by the company all over the world. The company also runs a financial business that is responsible to deal with the company’s finances and also gives financial advice to the firm.