Tata Motors (NYSE:TTM) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of Tata Motors (NYSE:TTM) from a buy rating to a hold rating in a report released on Friday, January 12th.

According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “

TTM has been the topic of a number of other reports. ValuEngine upgraded Tata Motors from a hold rating to a buy rating in a report on Friday, December 1st. Jefferies Group began coverage on Tata Motors in a research note on Monday, January 8th. They set a buy rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Tata Motors presently has an average rating of Hold and an average price target of $33.50.

Shares of Tata Motors (TTM) opened at $29.75 on Friday. 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 52 week low of $28.97 and a 52 week high of $39.48. The stock has a market capitalization of $20,204.29, a PE ratio of 19.70, a price-to-earnings-growth ratio of 0.18 and a beta of 2.16.

Tata Motors (NYSE:TTM) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.57 EPS for the quarter. The company had revenue of $10.94 billion for the quarter. Tata Motors had a return on equity of 14.78% and a net margin of 4.05%. equities analysts predict that Tata Motors will post 3.52 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in Tata Motors by 28.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,666 shares of the company’s stock valued at $2,927,000 after purchasing an additional 19,508 shares during the period. Commonwealth Bank of Australia boosted its position in Tata Motors by 8.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 8,050 shares of the company’s stock valued at $265,000 after purchasing an additional 633 shares during the period. Wells Fargo & Company MN boosted its position in Tata Motors by 11.2% during the 2nd quarter. Wells Fargo & Company MN now owns 454,900 shares of the company’s stock valued at $15,016,000 after purchasing an additional 45,839 shares during the period. AXA raised its stake in Tata Motors by 29.9% during the 2nd quarter. AXA now owns 131,083 shares of the company’s stock valued at $4,327,000 after acquiring an additional 30,136 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in Tata Motors during the 2nd quarter valued at $652,000. Institutional investors own 10.93% of the company’s stock.

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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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