Bidness Etc - Toyota Motors Receives a Hold Rating by Jefferies Group

Analysts at Jefferies Group have made coverage on the shares of Toyota Motors and decreased their ratings on the company's stock. Previously, the analysts at Jefferies had given a rating of ‘buy' to the company shares and now they have lowered their ratings and given the company a ‘hold' rating which is expected to put a bad impact on the stock in near future. The analysts have also lowered the price target of the shares of the auto making company which can be observed as a negative sign for investors.
Jefferies Group was also seen to change their ratings on other goods and companies in the past few days. The analyst firm has increased its price target on Ceragon Network Limited to $1.20 to $1.15, with a ‘hold' rating on the stock.
As for Toyota's (NYSE: TM) downgraded ratings, the main reason why analysts are lowering their price targets on the company's stock market is believed to the weak guidance report that the automakers have given the investors for the current quarter. Jefferies believe that the company will be ‘underperforming' in the coming quarters as it has been following a weak path of going forward which is also going to affect its future sales and overall profit. As for the stock value of the Japanese firm, a decline of 1% was seen on Friday, 27th February 2015.
Similarly, analysts at Zacks have suggested a ‘neutral' rating for the company's stock and set a price target of $137.00 on the shares.
According to the stock report of the past few months, Toyota Motors (NYSE: TM) has been experiencing higher high and higher lows witnessing constant highs in the share value and breaking all records. But these highs have now started to show signs of collapsing which, according to analysts, is going to make the investors think twice about keeping the company's share and will encourage them to sell it.
On Monday 2nd, Muto makers arch, the shares of Th automakers opened at $135.37. The company has a one-year high of $138.70 and a one-year low of $103.38. The stock of the company has 200 day moving price estimated at $122 and 50 day moving average estimated at $131.00.
The classic automakers announced their quarterly earnings report for the last quarter of 2014 on 11th February 2015 in which they declared an EPS of $3.15 which was only slightly lower than the EPS predicted by analysts.