StockNews.com initiated coverage on shares of Tata Motors (NYSE:TTM – Get Rating) in a report published on Wednesday. The brokerage issued a buy rating on the stock.
TTM has been the subject of a number of other reports. The Goldman Sachs Group started coverage on shares of Tata Motors in a research note on Thursday, October 6th. They set a neutral rating for the company. Citigroup started coverage on shares of Tata Motors in a research note on Tuesday. They set a buy rating for the company. JPMorgan Chase & Co. lowered shares of Tata Motors from an overweight rating to a neutral rating in a research note on Monday, October 10th. Finally, Bank of America raised shares of Tata Motors from a neutral rating to a buy rating in a research note on Monday, January 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy.Get Tata Motors alerts:
Tata Motors Stock Performance
Tata Motors has a 1-year low of $22.06 and a 1-year high of $34.50. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 3.05. The firm has a market cap of $19.25 billion, a P/E ratio of -17.46 and a beta of 1.71. The firm has a fifty day simple moving average of $24.80 and a 200-day simple moving average of $26.30.Tata Motors (NYSE:TTM – Get Rating) last issued its quarterly earnings results on Thursday, November 10th. The company reported ($0.15) earnings per share for the quarter. Tata Motors had a negative net margin of 2.78% and a negative return on equity of 45.47%. The business had revenue of $9.99 billion during the quarter. As a group, research analysts predict that Tata Motors will post -0.19 earnings per share for the current year.
Institutional Trading of Tata Motors
A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in shares of Tata Motors by 58.6% in the second quarter. Goldman Sachs Group Inc. now owns 3,089,880 shares of the company's stock worth $79,935,000 after purchasing an additional 1,141,575 shares in the last quarter. BlackRock Inc. lifted its position in shares of Tata Motors by 0.8% in the third quarter. BlackRock Inc. now owns 2,310,861 shares of the company's stock worth $56,062,000 after purchasing an additional 19,228 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its position in shares of Tata Motors by 3.0% in the third quarter. BNP Paribas Arbitrage SNC now owns 1,830,424 shares of the company's stock worth $44,406,000 after purchasing an additional 52,647 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tata Motors by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 865,111 shares of the company's stock worth $24,186,000 after purchasing an additional 84,963 shares in the last quarter. Finally, Think Investments LP purchased a new stake in shares of Tata Motors in the third quarter worth approximately $19,468,000. 3.93% of the stock is owned by hedge funds and other institutional investors.
About Tata Motors
Tata Motors Ltd. is an automobile manufacturer with a portfolio that includes a range of cars, utility vehicles, trucks, buses, and defense vehicles. It operates through the Automotive and Others segments. The Automotive segment includes all activities relating to the development, design, manufacture, assembly and sale of vehicles including vehicle financing, as well as sale of related parts and accessories.
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