Tata Motors Ltd (NYSE:TTM) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $32.50.
TTM has been the topic of a number of recent analyst reports. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Saturday, May 27th. ValuEngine cut Tata Motors from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. BidaskClub cut Tata Motors from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Morgan Stanley cut Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. Finally, Sanford C. Bernstein cut Tata Motors from an “outperform” rating to a “market perform” rating and cut their price target for the company from $45.00 to $30.00 in a report on Friday, August 11th.
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In other Tata Motors news, Director Carlos Yong purchased 300,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were bought at an average price of $0.30 per share, with a total value of $90,000.00.
Several large investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its stake in 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. Fox Run Management L.L.C. boosted its stake in Tata Motors by 106.1% in the first quarter. Fox Run Management L.L.C. now owns 13,600 shares of the company’s stock worth $485,000 after buying an additional 7,000 shares during the period. Telemus Capital LLC acquired a new stake in Tata Motors during the first quarter worth $370,000. DnB Asset Management AS boosted its stake in Tata Motors by 12.2% in the first quarter. DnB Asset Management AS now owns 14,698 shares of the company’s stock worth $524,000 after buying an additional 1,600 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Tata Motors by 0.7% in the first quarter. Fisher Asset Management LLC now owns 9,059,921 shares of the company’s stock worth $322,986,000 after buying an additional 60,739 shares during the period. 12.74% of the stock is currently owned by institutional investors.
Tata Motors (TTM) opened at 29.32 on Friday. Tata Motors has a 52-week low of $29.20 and a 52-week high of $44.79. The firm’s 50-day moving average price is $33.54 and its 200 day moving average price is $34.88. The firm has a market cap of $19.91 billion, a PE ratio of 17.99 and a beta of 2.26.
Tata Motors (NYSE:TTM) last issued its earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.21. Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. The business had revenue of $9.30 billion during the quarter. On average, equities analysts anticipate that Tata Motors will post $1.84 earnings per share for the current year.
About Tata Motors
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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