ValuEngine Upgrades Tata Motors (TTM) to “Buy”

ValuEngine upgraded shares of Tata Motors (NYSE:TTM) from a hold rating to a buy rating in a report issued on Friday.

TTM has been the topic of several other research reports. Stifel Nicolaus raised Tata Motors from a hold rating to a buy rating in a research note on Friday, August 25th. Zacks Investment Research raised Tata Motors from a hold rating to a buy rating and set a $35.00 price target on the stock in a research note on Friday, August 11th. Sanford C. Bernstein lowered 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 research note on Friday, August 11th. BidaskClub lowered Tata Motors from a sell rating to a strong sell rating in a research note on Saturday, August 12th. Finally, Morgan Stanley lowered Tata Motors from an overweight rating to an equal weight rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $33.00.

Shares of Tata Motors (NYSE:TTM) traded up $0.36 on Friday, hitting $31.13. The stock had a trading volume of 959,400 shares, compared to its average volume of 1,315,152. The company has a quick ratio of 0.63, a current ratio of 0.98 and a debt-to-equity ratio of 0.79. Tata Motors has a twelve month low of $28.97 and a twelve month high of $40.34. The firm has a market capitalization of $20,897.01, a price-to-earnings ratio of 20.38, a PEG ratio of 0.23 and a beta of 2.20.

Large investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc acquired a new position in Tata Motors in the third quarter valued at about $100,000. MML Investors Services LLC lifted its stake in Tata Motors by 7.3% in the second quarter. MML Investors Services LLC now owns 6,460 shares of the company’s stock valued at $213,000 after buying an additional 441 shares during the period. Advisor Group Inc. lifted its stake in Tata Motors by 8.1% in the second quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock valued at $214,000 after buying an additional 542 shares during the period. Quantbot Technologies LP acquired a new position in Tata Motors in the second quarter valued at about $226,000. Finally, Stifel Financial Corp acquired a new position in Tata Motors in the third quarter valued at about $231,000. 10.93% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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