Toyota Motor Corp (NYSE:TM) shares gapped down prior to trading on Monday . The stock had previously closed at $119.27, but opened at $119.62. Toyota Motor Corp shares last traded at $120.43, with a volume of 163,989 shares traded.

TM has been the topic of several research analyst reports. Mizuho cut shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a report on Wednesday, May 11th. Zacks Investment Research cut shares of Toyota Motor Corp from a “hold” rating to a “strong sell” rating in a report on Friday, May 13th. Finally, Jefferies Group decreased their price target on shares of Toyota Motor Corp from $114.78 to $113.64 and set a “hold” rating on the stock in a report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Toyota Motor Corp has an average rating of “Hold” and a consensus target price of $108.54.

The stock has a market cap of $181.55 billion and a price-to-earnings ratio of 8.61. The company’s 50-day moving average price is $111.32 and its 200-day moving average price is $106.10.

An institutional investor recently raised its position in Toyota Motor Corp stock. Bank of Montreal Can boosted its position in shares of Toyota Motor Corp (NYSE:TM) by 25.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,353 shares of the company’s stock after buying an additional 4,139 shares during the period. Bank of Montreal Can’s holdings in Toyota Motor Corp were worth $2,504,000 at the end of the most recent quarter.

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