Tata Motors (TTM) Earns Buy Rating from Analysts at Jefferies Group

Jefferies Group initiated coverage on shares of Tata Motors (NYSE:TTM) in a research report sent to investors on Monday, MarketBeat Ratings reports. The firm issued a buy rating on the stock. Jefferies Group also issued estimates for Tata Motors’ FY2020 earnings at $4.74 EPS.

Several other research firms have also recently weighed in on TTM. ValuEngine upgraded shares of Tata Motors from a hold rating to a buy rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Tata Motors from a sell rating to a buy rating and set a $36.00 target price for the company in a research note on Saturday, November 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $33.00.

Shares of Tata Motors (TTM) opened at $33.75 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.98 and a quick ratio of 0.63. Tata Motors has a one year low of $28.97 and a one year high of $40.34. The firm has a market cap of $21,650.00, a PE ratio of 7.40, a P/E/G ratio of 0.25 and a beta of 2.22.

A number of large investors have recently bought and sold shares of TTM. Schwab Charles Investment Management Inc. raised its position in Tata Motors by 28.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,666 shares of the company’s stock worth $2,927,000 after purchasing an additional 19,508 shares in the last quarter. Commonwealth Bank of Australia raised its position in Tata Motors by 8.5% in the second quarter. Commonwealth Bank of Australia now owns 8,050 shares of the company’s stock worth $265,000 after purchasing an additional 633 shares in the last quarter. Wells Fargo & Company MN raised its position in Tata Motors by 11.2% in the second quarter. Wells Fargo & Company MN now owns 454,900 shares of the company’s stock worth $15,016,000 after purchasing an additional 45,839 shares in the last quarter. AXA raised its position in Tata Motors by 29.9% in the second quarter. AXA now owns 131,083 shares of the company’s stock worth $4,327,000 after purchasing an additional 30,136 shares in the last quarter. Finally, Financial Counselors Inc. raised its position in Tata Motors by 1.9% in the second quarter. Financial Counselors Inc. now owns 10,372 shares of the company’s stock worth $342,000 after purchasing an additional 193 shares in the last quarter. 10.90% of the stock is owned by hedge funds and other institutional investors.

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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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