Stifel Nicolaus upgraded shares of Tata Motors Ltd (NYSE:TTM) from a hold rating to a buy rating in a research note released on Friday morning.

Several other research firms have also recently weighed in on TTM. BidaskClub raised Tata Motors from a sell rating to a hold rating in a research note on Wednesday, July 12th. ValuEngine lowered Tata Motors from a buy rating to a hold rating in a report on Saturday, June 3rd. Zacks Investment Research upgraded Tata Motors from a hold rating to a buy rating and set a $41.00 price target for the company in a report on Saturday, May 27th. Morgan Stanley lowered Tata Motors from an overweight rating to an equal weight rating in a report on Thursday, August 10th. Finally, Sanford C. Bernstein lowered Tata Motors from an outperform rating to a market perform rating and reduced their price target for the company from $45.00 to $30.00 in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $32.50.

Tata Motors (NYSE:TTM) opened at 29.99 on Friday. Tata Motors has a 52 week low of $28.97 and a 52 week high of $44.79. The firm’s 50-day moving average is $33.03 and its 200-day moving average is $34.54. The stock has a market capitalization of $20.37 billion, a P/E ratio of 18.40 and a beta of 2.26.

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

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In related news, Director Carlos Yong bought 300,000 shares of Tata Motors 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.

A number of large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in Tata Motors by 439.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock valued at $194,000 after buying an additional 4,404 shares during the period. Stifel Financial Corp bought a new stake in Tata Motors during the first quarter valued at $209,000. BB&T Corp bought a new stake in Tata Motors during the first quarter valued at $209,000. Greenleaf Trust bought a new stake in Tata Motors during the first quarter valued at $211,000. Finally, Morningstar Investment Services LLC bought a new stake in Tata Motors during the first quarter valued at $221,000. Hedge funds and other institutional investors own 11.90% of the company’s stock.

Tata Motors Company Profile

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.

Analyst Recommendations for Tata Motors (NYSE:TTM)

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