Several analysts have recently updated their ratings and price targets for Tata Motors (NYSE: TTM):

  • 8/12/2017 – Tata Motors was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/11/2017 – Tata Motors was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “
  • 8/11/2017 – Tata Motors was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $30.00 price target on the stock, down previously from $45.00.
  • 8/10/2017 – Tata Motors was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “
  • 8/10/2017 – Tata Motors was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating.
  • 8/1/2017 – Tata Motors was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/13/2017 – Tata Motors was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “
  • 7/12/2017 – Tata Motors was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/5/2017 – Tata Motors was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Tata Motors Ltd (NYSE TTM) opened at 29.85 on Thursday. The firm has a market capitalization of $20.27 billion, a PE ratio of 18.31 and a beta of 2.26. The firm’s 50-day moving average is $33.21 and its 200 day moving average is $34.64. Tata Motors Ltd has a 52 week low of $28.97 and a 52 week high of $44.79.

Tata Motors (NYSE:TTM) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.21. The company had revenue of $9.30 billion for the quarter. Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. On average, equities analysts forecast that Tata Motors Ltd will post $1.84 earnings per share for the current year.

In related news, Director Carlos Yong acquired 300,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was purchased at an average cost of $0.30 per share, for a total transaction of $90,000.00.

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

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