Toyota Motor Corp (NYSE:TM) gapped down prior to trading on Friday . The stock had previously closed at $109.38, but opened at $112.31. Toyota Motor Corp shares last traded at $115.56, with a volume of 373,796 shares trading hands.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Toyota Motor Corp from a “hold” rating to a “strong sell” rating in a report on Friday, May 13th. Jefferies Group cut their price target on Toyota Motor Corp from $114.78 to $113.64 and set a “hold” rating on the stock in a report on Friday, May 13th. Finally, Mizuho downgraded Toyota Motor Corp from a “buy” rating to a “neutral” rating in a report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $108.54.

The firm has a market capitalization of $174.60 billion and a price-to-earnings ratio of 8.37. The stock has a 50-day moving average of $106.67 and a 200-day moving average of $106.02.

Several large investors have bought and sold shares of TM. Cambridge Investment Research Advisors Inc. boosted its stake in Toyota Motor Corp by 7.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,374 shares of the company’s stock valued at $1,030,000 after buying an additional 546 shares during the period. Rhumbline Advisers boosted its stake in Toyota Motor Corp by 7.8% in the fourth quarter. Rhumbline Advisers now owns 16,653 shares of the company’s stock valued at $2,049,000 after buying an additional 1,199 shares during the period. Bank of Montreal Can boosted its stake in Toyota Motor Corp by 25.5% in the fourth quarter. Bank of Montreal Can now owns 20,353 shares of the company’s stock valued at $2,504,000 after buying an additional 4,139 shares during the period. Tradition Capital Management LLC boosted its stake in Toyota Motor Corp by 4.7% in the fourth quarter. Tradition Capital Management LLC now owns 36,285 shares of the company’s stock valued at $4,464,000 after buying an additional 1,620 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Toyota Motor Corp by 2.6% in the fourth quarter. Wells Fargo & Company MN now owns 451,775 shares of the company’s stock valued at $55,586,000 after buying an additional 11,254 shares during the period.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.