Tata Motors (NYSE:TTM) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued to investors on Saturday, November 18th. The firm presently has a $36.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 15.64% from the company’s previous close.
According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “
A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, August 25th. BidaskClub cut shares of Tata Motors from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Sanford C. Bernstein cut shares of Tata Motors from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $45.00 to $30.00 in a research note on Friday, August 11th. Finally, Morgan Stanley cut shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $33.00.
Shares of Tata Motors (TTM) opened at $31.13 on Friday. Tata Motors has a 1-year low of $28.97 and a 1-year high of $40.34. The firm has a market cap of $20,897.01, a PE ratio of 20.38, a PEG ratio of 0.23 and a beta of 2.20. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.98 and a quick ratio of 0.63.
A number of institutional investors and hedge funds have recently bought and sold shares of TTM. PNC Financial Services Group Inc. raised its position in Tata Motors by 439.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock worth $194,000 after buying an additional 4,404 shares during the last quarter. Vanguard Group Inc. raised its position in Tata Motors by 14.7% during the 1st quarter. Vanguard Group Inc. now owns 462,167 shares of the company’s stock worth $16,476,000 after buying an additional 59,267 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Tata Motors by 28.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 69,158 shares of the company’s stock worth $2,466,000 after buying an additional 15,258 shares during the last quarter. State Street Corp raised its position in Tata Motors by 0.4% during the 1st quarter. State Street Corp now owns 1,036,177 shares of the company’s stock worth $36,940,000 after buying an additional 4,248 shares during the last quarter. Finally, Creative Planning raised its position in Tata Motors by 0.9% during the 2nd quarter. Creative Planning now owns 12,898 shares of the company’s stock worth $426,000 after buying an additional 111 shares during the last quarter. 10.93% of the stock is owned by 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.
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