Tata Motors (TTM) Hits New 1-Year High and Low at $21.75

Tata Motors (NYSE:TTM)’s share price hit a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $21.75 and last traded at $22.00, with a volume of 79903 shares. The stock had previously closed at $21.80.

TTM has been the topic of several research reports. Zacks Investment Research lowered Tata Motors from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. ValuEngine lowered Tata Motors from a “buy” rating to a “hold” rating in a report on Friday, March 9th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.50.

The firm has a market capitalization of $15.16 billion, a PE ratio of 15.74, a PEG ratio of 0.12 and a beta of 2.24. The company has a quick ratio of 0.63, a current ratio of 0.98 and a debt-to-equity ratio of 0.79.

Several hedge funds have recently modified their holdings of the business. Raymond James & Associates grew its holdings in shares of Tata Motors by 23.6% during the fourth quarter. Raymond James & Associates now owns 9,565 shares of the company’s stock worth $316,000 after purchasing an additional 1,828 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Tata Motors by 22.0% during the fourth quarter. Advisor Group Inc. now owns 10,783 shares of the company’s stock worth $357,000 after purchasing an additional 1,948 shares during the last quarter. LSV Asset Management grew its holdings in shares of Tata Motors by 21.3% during the first quarter. LSV Asset Management now owns 11,400 shares of the company’s stock worth $292,000 after purchasing an additional 2,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Tata Motors by 1.9% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 106,804 shares of the company’s stock worth $3,532,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Hanson & Doremus Investment Management grew its holdings in shares of Tata Motors by 6.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 34,986 shares of the company’s stock worth $1,157,000 after purchasing an additional 2,046 shares during the last quarter. 9.72% of the stock is currently owned by institutional investors.

About Tata Motors

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers passenger cars, such as passenger cars; utility vehicles, including SUVs and multipurpose utility vehicles; light commercial vehicles comprising pickup trucks and small commercial vehicles; and medium and heavy commercial vehicles consisting of trucks, tractors, buses, tippers, multi-axle vehicles, dump trucks, tractor-trailers, mixers, and cargo vehicles, as well as related parts and accessories.

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