Tata Motors (TTM) Receives Media Sentiment Score of 0.23
Media headlines about Tata Motors (NYSE:TTM) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tata Motors earned a news impact score of 0.23 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.090627702268 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Tata Motors unveils Robo Whiz for universities (thehindubusinessline.com)
- Tata Motors still looking for a partner for new vehicle platform: CEO Guenter Butschek (livemint.com)
- Tata Motors Ltd (TTM) Upgraded to Buy by Stifel Nicolaus (americanbankingnews.com)
- Trading Radar: Narrowing in on Shares of Tata Motors Ltd (TTM) – Financial News Review (finnewsreview.com)
- Watching the Tape Move for Tata Motors Ltd. (wisdomsave.com)
Several equities analysts recently commented on TTM shares. BidaskClub upgraded Tata Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine downgraded Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Zacks Investment Research upgraded Tata Motors from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Saturday, May 27th. Morgan Stanley downgraded Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 10th. Finally, Sanford C. Bernstein downgraded Tata Motors from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $45.00 to $30.00 in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $32.50.
Tata Motors (NYSE:TTM) traded up 0.20% during midday trading on Friday, hitting $29.99. The company’s stock had a trading volume of 671,692 shares. The company’s 50 day moving average price is $33.03 and its 200 day moving average price is $34.54. The firm has a market cap of $20.37 billion, a P/E ratio of 18.40 and a beta of 2.26. Tata Motors has a 12 month low of $28.97 and a 12 month high of $44.79.
Tata Motors (NYSE:TTM) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.21. The firm had revenue of $9.30 billion for the quarter. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. Analysts expect that Tata Motors will post $1.84 EPS for the current year.
In related news, Director Carlos Yong bought 300,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average price of $0.30 per share, for a total transaction of $90,000.00.
About Tata Motors
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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