Toyota Motor Corp (NYSE:TM) gapped up before the market opened on Friday . The stock had previously closed at $118.70, but opened at $118.94. Toyota Motor Corp shares last traded at $119.63, with a volume of 162,669 shares trading hands.

A number of research analysts recently issued reports on TM shares. Mizuho downgraded Toyota Motor Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 11th. Jefferies Group cut their price objective on Toyota Motor Corp from $114.78 to $113.64 and set a “hold” rating for the company in a research note on Friday, May 13th. Finally, Zacks Investment Research upgraded Toyota Motor Corp from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $108.54.

The firm has a market capitalization of $180.11 billion and a price-to-earnings ratio of 8.53. The firm has a 50-day moving average of $110.72 and a 200-day moving average of $106.21.

A number of large investors have modified their holdings of TM. Autus Asset Management LLC acquired a new stake in shares of Toyota Motor Corp during the fourth quarter valued at $1,106,000. Bank of Montreal Can increased its stake in shares of 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Toyota Motor Corp by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 685,252 shares of the company’s stock valued at $84,313,000 after buying an additional 6,424 shares in the last quarter.

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