Tata Motors Limited (NYSE:TTM) – Equities research analysts at Jefferies Financial Group issued their FY2021 EPS estimates for shares of Tata Motors in a report released on Wednesday, October 31st. Jefferies Financial Group analyst A. Sen forecasts that the company will post earnings of $2.55 per share for the year.
A number of other equities analysts have also recently issued reports on TTM. Zacks Investment Research cut shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research note on Friday, August 3rd. HSBC cut shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Deutsche Bank cut shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $37.00.
NYSE:TTM traded up $0.19 during trading hours on Friday, hitting $12.84. 64,511 shares of the company traded hands, compared to its average volume of 2,460,276. Tata Motors has a twelve month low of $11.35 and a twelve month high of $35.47. The stock has a market cap of $8.21 billion, a P/E ratio of 5.46, a PEG ratio of 0.36 and a beta of 2.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.95 and a quick ratio of 0.66.
Tata Motors (NYSE:TTM) last released its earnings results on Wednesday, August 1st. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.85). The company had revenue of $10.06 billion for the quarter, compared to analyst estimates of $10.69 billion. Tata Motors had a net margin of 1.32% and a return on equity of 12.39%.
Hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in shares of Tata Motors by 34.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 236,688 shares of the company’s stock valued at $4,628,000 after buying an additional 60,519 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Tata Motors by 115.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 153,156 shares of the company’s stock worth $2,963,000 after purchasing an additional 82,090 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Tata Motors by 24.5% during the 2nd quarter. Renaissance Technologies LLC now owns 4,148,700 shares of the company’s stock worth $81,107,000 after purchasing an additional 817,000 shares in the last quarter. Morgan Stanley increased its position in shares of Tata Motors by 6.8% during the 2nd quarter. Morgan Stanley now owns 4,327,916 shares of the company’s stock worth $84,611,000 after purchasing an additional 274,870 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Tata Motors by 3.4% during the 2nd quarter. Macquarie Group Ltd. now owns 307,514 shares of the company’s stock worth $6,012,000 after purchasing an additional 10,098 shares in the last quarter. Institutional investors own 7.63% of the company’s stock.
Tata Motors Company Profile
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 cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.
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