Tata Motors Ltd (NYSE:TTM) has received an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.50.

TTM has been the subject of several research reports. Stifel Nicolaus upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Tata Motors from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Saturday, May 27th. Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 10th. ValuEngine lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, BidaskClub upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.

Shares of Tata Motors (TTM) traded up 0.45% during trading on Wednesday, reaching $31.28. 859,895 shares of the company were exchanged. The stock’s 50 day moving average is $30.99 and its 200 day moving average is $34.04. Tata Motors has a 1-year low of $28.97 and a 1-year high of $42.53. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 19.19 and a beta of 2.29.

Tata Motors (NYSE:TTM) last released its quarterly earnings data 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). 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. Equities analysts anticipate that Tata Motors will post $1.84 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Tata Motors by 189.9% in the first quarter. Wellington Management Group LLP now owns 7,271,482 shares of the company’s stock valued at $259,228,000 after acquiring an additional 4,763,259 shares during the period. Coronation Fund Managers Ltd. raised its stake in shares of Tata Motors by 8.3% in the second quarter. Coronation Fund Managers Ltd. now owns 5,494,847 shares of the company’s stock valued at $181,385,000 after acquiring an additional 421,696 shares during the period. Cambiar Investors LLC raised its stake in shares of Tata Motors by 5.1% in the second quarter. Cambiar Investors LLC now owns 5,392,413 shares of the company’s stock valued at $178,004,000 after acquiring an additional 261,769 shares during the period. BlackRock Inc. raised its stake in shares of Tata Motors by 22.8% in the second quarter. BlackRock Inc. now owns 2,921,844 shares of the company’s stock valued at $96,451,000 after acquiring an additional 542,597 shares during the period. Finally, Morgan Stanley raised its stake in shares of Tata Motors by 65.1% in the first quarter. Morgan Stanley now owns 2,454,241 shares of the company’s stock valued at $87,494,000 after acquiring an additional 968,093 shares during the period. 11.90% of the stock is currently owned by institutional investors and hedge funds.

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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