BidaskClub lowered shares of Tata Motors Ltd (NYSE:TTM) from a hold rating to a sell rating in a report published on Tuesday.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Tata Motors from a hold rating to a buy rating and set a $39.00 target price for the company in a report on Thursday, July 13th. ValuEngine cut shares of Tata Motors from a buy rating to a hold rating in a report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Tata Motors currently has an average rating of Buy and an average price target of $43.50.
Shares of Tata Motors (TTM) traded down 0.37% during midday trading on Tuesday, reaching $34.74. The company’s stock had a trading volume of 611,563 shares. The company has a 50 day moving average of $34.69 and a 200-day moving average of $35.51. Tata Motors has a 52 week low of $31.71 and a 52 week high of $44.79.
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In other news, Director Carlos Yong purchased 300,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average cost of $0.30 per share, for a total transaction of $90,000.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning raised its position in shares of Tata Motors by 0.9% in the second quarter. Creative Planning now owns 12,898 shares of the company’s stock worth $426,000 after buying an additional 111 shares during the period. Telemus Capital LLC raised its position in shares of Tata Motors by 2.9% in the second quarter. Telemus Capital LLC now owns 10,670 shares of the company’s stock worth $352,000 after buying an additional 305 shares during the period. Capstone Asset Management Co. raised its position in shares of Tata Motors by 2.6% in the first quarter. Capstone Asset Management Co. now owns 12,384 shares of the company’s stock worth $441,000 after buying an additional 310 shares during the period. Hexavest Inc. raised its position in shares of Tata Motors by 2.3% in the second quarter. Hexavest Inc. now owns 19,292 shares of the company’s stock worth $637,000 after buying an additional 427 shares during the period. Finally, World Asset Management Inc raised its position in shares of Tata Motors by 1.4% in the first quarter. World Asset Management Inc now owns 35,416 shares of the company’s stock worth $1,263,000 after buying an additional 483 shares during the period. Institutional investors and hedge funds own 13.18% of the company’s stock.
Tata Motors Company Profile
Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.
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