Toyota Motor Corp Ltd Ord to Post Q2 2018 Earnings of $2.62 Per Share, Jefferies Group Forecasts (TM)

Toyota Motor Corp Ltd Ord (NYSE:TM) – Equities researchers at Jefferies Group increased their Q2 2018 earnings per share (EPS) estimates for shares of Toyota Motor Corp Ltd Ord in a research note issued to investors on Thursday. Jefferies Group analyst T. Nakanishi now anticipates that the company will earn $2.62 per share for the quarter, up from their prior forecast of $2.55. Jefferies Group currently has a “Hold” rating and a $116.00 target price on the stock. Jefferies Group also issued estimates for Toyota Motor Corp Ltd Ord’s Q4 2018 earnings at $2.45 EPS.

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A number of other brokerages also recently weighed in on TM. Citigroup Inc. upgraded Toyota Motor Corp Ltd Ord from a “neutral” rating to a “buy” rating in a report on Wednesday, October 4th. BidaskClub upgraded Toyota Motor Corp Ltd Ord from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Toyota Motor Corp Ltd Ord from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a report on Thursday, July 13th. Bank of America Corporation downgraded Toyota Motor Corp Ltd Ord from a “neutral” rating to an “underperform” rating and set a $108.22 price target on the stock. in a report on Tuesday, July 11th. Finally, Daiwa Capital Markets downgraded Toyota Motor Corp Ltd Ord from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $115.07.

Toyota Motor Corp Ltd Ord (TM) traded up 0.07% during mid-day trading on Friday, hitting $123.28. The company had a trading volume of 253,839 shares. The company has a market cap of $183.37 billion, a PE ratio of 10.73 and a beta of 0.63. The company’s 50 day moving average price is $117.87 and its 200-day moving average price is $110.87. Toyota Motor Corp Ltd Ord has a one year low of $103.62 and a one year high of $124.18.

Several hedge funds have recently modified their holdings of the company. Eqis Capital Management Inc. grew its holdings in shares of Toyota Motor Corp Ltd Ord by 11.8% during the third quarter. Eqis Capital Management Inc. now owns 9,975 shares of the company’s stock valued at $1,189,000 after buying an additional 1,051 shares in the last quarter. Farmers National Bank grew its stake in Toyota Motor Corp Ltd Ord by 7.7% in the second quarter. Farmers National Bank now owns 4,745 shares of the company’s stock valued at $498,000 after purchasing an additional 339 shares in the last quarter. WFG Advisors LP grew its stake in Toyota Motor Corp Ltd Ord by 10.4% in the second quarter. WFG Advisors LP now owns 4,089 shares of the company’s stock valued at $429,000 after purchasing an additional 385 shares in the last quarter. BW Gestao de Investimentos Ltda. purchased a new position in Toyota Motor Corp Ltd Ord in the second quarter valued at about $581,000. Finally, Scotia Capital Inc. grew its stake in Toyota Motor Corp Ltd Ord by 0.6% in the second quarter. Scotia Capital Inc. now owns 12,441 shares of the company’s stock valued at $1,307,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 0.81% of the company’s stock.

Toyota Motor Corp Ltd Ord 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.

Earnings History and Estimates for Toyota Motor Corp Ltd Ord (NYSE:TM)

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