Tata Motors Ltd (TTM) Receives $32.50 Average PT from Analysts

Shares of Tata Motors Ltd (NYSE:TTM) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat.com 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 price target among brokers that have issued a report on the stock in the last year is $32.50.

TTM has been the topic of several analyst reports. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Friday, August 11th. BidaskClub raised Tata Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Stifel Nicolaus raised Tata Motors from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Sanford C. Bernstein downgraded Tata Motors from an “outperform” rating to a “market perform” rating and cut their target price for the company from $45.00 to $30.00 in a research report on Friday, August 11th. Finally, Morgan Stanley downgraded Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 10th.

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A number of institutional investors have recently made changes to their positions in TTM. Stifel Financial Corp bought a new position in Tata Motors in the 1st quarter valued at $209,000. PNC Financial Services Group Inc. grew its position in Tata Motors by 439.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock valued at $194,000 after acquiring an additional 4,404 shares during the last quarter. Vanguard Group Inc. grew its position in Tata Motors by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 462,167 shares of the company’s stock valued at $16,476,000 after acquiring an additional 59,267 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Tata Motors by 28.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 69,158 shares of the company’s stock valued at $2,466,000 after acquiring an additional 15,258 shares during the last quarter. Finally, State Street Corp grew its position in Tata Motors by 0.4% in the 1st quarter. State Street Corp now owns 1,036,177 shares of the company’s stock valued at $36,940,000 after acquiring an additional 4,248 shares during the last quarter. 11.82% of the stock is currently owned by institutional investors.

Tata Motors (NYSE:TTM) traded up $0.61 during midday trading on Thursday, hitting $33.82. The stock had a trading volume of 2,731,165 shares, compared to its average volume of 1,008,963. The stock has a market cap of $22,968.38, a P/E ratio of 30.20, a P/E/G ratio of 0.29 and a beta of 2.23. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12.

Tata Motors (NYSE:TTM) last released its earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The company had revenue of $9.30 billion for the quarter. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. equities analysts forecast that Tata Motors will post 2.79 earnings per share for the current fiscal 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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