Shares of Tata Motors Limited (NYSE:TTM) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $30.00.
TTM has been the subject of a number of research reports. Zacks Investment Research lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine raised shares of Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Jefferies Group assumed coverage on shares of Tata Motors in a research note on Monday, January 8th. They issued a “buy” rating on the stock.
Shares of Tata Motors (TTM) traded down $0.12 during mid-day trading on Friday, hitting $28.55. 265,465 shares of the stock traded hands, compared to its average volume of 1,555,679. The stock has a market capitalization of $18,230.00, a P/E ratio of 6.31, a P/E/G ratio of 0.19 and a beta of 2.16. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.98. Tata Motors has a 52 week low of $27.58 and a 52 week high of $37.62.
A number of hedge funds have recently added to or reduced their stakes in TTM. NEXT Financial Group Inc bought a new position in shares of Tata Motors during the 3rd quarter worth $100,000. Tower Research Capital LLC TRC raised its stake in shares of Tata Motors by 724.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,511 shares of the company’s stock worth $116,000 after purchasing an additional 3,085 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Tata Motors by 8.1% in the second quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock worth $214,000 after purchasing an additional 542 shares during the last quarter. Banque Pictet & Cie SA raised its position in Tata Motors by 205.9% during the third quarter. Banque Pictet & Cie SA now owns 37,515 shares of the company’s stock valued at $231,000 after acquiring an additional 25,250 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in Tata Motors during the third quarter valued at approximately $231,000. Institutional investors and hedge funds own 10.87% 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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