Tata Motors Ltd. (NYSE:TTM) has been given an average recommendation of “Hold” by the six analysts that are currently covering the firm. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $32.48.

Several equities research analysts have recently commented on TTM shares. Zacks Investment Research downgraded Tata Motors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 1st. Sanford C. Bernstein downgraded Tata Motors from an “outperform” rating to a “market perform” rating in a report on Friday, September 9th. Finally, Credit Suisse Group AG upgraded Tata Motors from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 8th.

A number of large investors have recently made changes to their positions in TTM. Fisher Asset Management LLC increased its stake in shares of Tata Motors by 4.0% in the second quarter. Fisher Asset Management LLC now owns 9,138,984 shares of the company’s stock valued at $331,471,000 after buying an additional 350,323 shares during the period. Coronation Fund Managers Ltd. bought a new stake in shares of Tata Motors during the second quarter valued at about $178,841,000. FIL Ltd increased its stake in shares of Tata Motors by 146.5% in the second quarter. FIL Ltd now owns 3,960,084 shares of the company’s stock valued at $137,296,000 after buying an additional 2,353,677 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Tata Motors by 6.3% in the second quarter. JPMorgan Chase & Co. now owns 3,770,888 shares of the company’s stock valued at $130,737,000 after buying an additional 224,258 shares during the period. Finally, LSV Asset Management increased its stake in shares of Tata Motors by 1.2% in the second quarter. LSV Asset Management now owns 2,895,149 shares of the company’s stock valued at $100,374,000 after buying an additional 33,400 shares during the period. Institutional investors and hedge funds own 12.26% of the company’s stock.

Shares of Tata Motors (NYSE:TTM) opened at 35.02 on Thursday. The firm has a market cap of $23.78 billion, a P/E ratio of 19.79 and a beta of 2.87. Tata Motors has a one year low of $20.00 and a one year high of $44.79. The firm’s 50-day moving average price is $40.02 and its 200 day moving average price is $36.90.

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.

5 Day Chart for NYSE:TTM

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