Bidness Etc - Toyota Trades on High Share Price

Toyota Motors experiences a high share price after a hyped-up trading session which ended after settling the price of the share at $136.6

Toyota Motors has experienced an all-time high share price on the stock index which has shown that the bulls have succeeded in leaving behind the bears. The auto making company has managed to hit the 52-week high range of the share price on Wednesday, 18th March 2015 according to a news article released by American Banking News. The stock of the company kept a fluctuating pace throughout the day in which the highest point that the share price reached went up to $139.24 and the lowest point was recorded at $138.82. The volume of shares that was recorded during the trading session came around at 180,274. On Tuesday, 17th March 2015 the share price has closed at $136.96.

Different analyst firms have covered the stock of the company and have suggested various ratings accordingly. The equity analysts at Jefferies Group have, however, decline the target on the share price of the stock and suggested a ‘buy’ rating to the firm’s shares. The same equity analysts firm has previously given a ‘hold’ rating to the company in a research note that was released by the firm on 2nd March 2015. Around three analyst firms,, have suggested a rating of a ‘hold’ to the company’s stock whereas four have given a ‘buy’ rating. Out of twenty analysts who covered the stock of the Japanese company, only one analyst firm has given the rating of a ‘strong buy’ to the company’s shares. If the company’s stock is studied closely, it will become evident that the Toyota stock has an average rating of a ‘buy’ from all the analysts and an average price target of $138.95.

Toyota Motors has a 52-week high average of the share price recorded at $140.59 and the 52-week low of the company has been disclosed at $103.38. As for the 50 day moving average of the stock of the company, a price of $133 was recorded. The 200 day moving average of the shares of the Japanese firm has been noted at $124.

Currently, Toyota Company has a market value recorded up to $219.31 billion. The price to earnings ratio that has been disclosed by the stock index has been reported at a ratio of 13.24.

The Japanese company released its quarterly earnings for the last quarter of 2014 on Wednesday, 11th February 2015. Earnings per share that were recorded by the company came around at $3.15 for the fourth quarter. This EPS was lesser than the expectations of analysts at Thomson Reuters who had made a prediction for the EPS to be $3.16.