Shares of Tata Motors Ltd. (NYSE:TTM) have received an average rating of “Buy” from the six research firms that are presently covering the firm. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $39.74.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Tata Motors from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a report on Thursday, September 1st. Credit Suisse Group AG lowered Tata Motors from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Finally, Sanford C. Bernstein lowered Tata Motors from an “outperform” rating to a “market perform” rating in a report on Friday, September 9th.

Tata Motors (NYSE:TTM) traded down 1.19% on Thursday, hitting $41.59. The stock had a trading volume of 386,284 shares. Tata Motors has a one year low of $20.00 and a one year high of $44.79. The stock has a market cap of $28.25 billion, a price-to-earnings ratio of 23.37 and a beta of 2.90. The stock’s 50 day moving average is $40.66 and its 200 day moving average is $34.80.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services Inc raised its position in shares of Tata Motors by 11.3% in the first quarter. Commonwealth Equity Services Inc now owns 18,081 shares of the company’s stock worth $525,000 after buying an additional 1,840 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Tata Motors during the first quarter valued at $604,000. Prudential Financial Inc. raised its stake in Tata Motors by 8.7% in the first quarter. Prudential Financial Inc. now owns 727,100 shares of the company’s stock valued at $21,122,000 after buying an additional 58,400 shares during the period. Mckinley Capital Management LLC Delaware raised its stake in Tata Motors by 30.2% in the first quarter. Mckinley Capital Management LLC Delaware now owns 27,723 shares of the company’s stock valued at $805,000 after buying an additional 6,427 shares during the period. Finally, BlackRock Inc. raised its stake in Tata Motors by 53.4% in the first quarter. BlackRock Inc. now owns 130,357 shares of the company’s stock valued at $3,787,000 after buying an additional 45,354 shares during the period. 12.18% of the stock is currently owned by hedge funds and other institutional investors.

About Tata Motors

Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations.

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