Tata Motors (TTM) Earning Somewhat Favorable Media Coverage, Study Finds
Headlines about Tata Motors (NYSE:TTM) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tata Motors earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.8362411319429 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Tata Motors Begins Electric Bus Trial Runs In Guwahati (zigwheels.com)
- Tata Motors Starts Electric Bus Pilot-Runs In Guwahati (auto.ndtv.com)
- Sensex, Nifty end flat; Axis Bank, Tata Motors top losers (thehindubusinessline.com)
- Tata Motors begins pilot runs of its Electric Bus in Guwahati (financialexpress.com)
- Nifty ends flat after record high; Axis, Wipro fall (finance.yahoo.com)
Tata Motors (TTM) opened at 32.95 on Friday. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 20.28 and a beta of 2.23. Tata Motors has a 52-week low of $28.97 and a 52-week high of $41.54. The company has a 50-day moving average of $31.46 and a 200 day moving average of $33.44.
Tata Motors (NYSE:TTM) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.21). The business had revenue of $9.30 billion during the quarter. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. On average, equities research analysts anticipate that Tata Motors will post $1.84 EPS for the current year.
Several equities research analysts recently weighed in on TTM shares. BidaskClub upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Tata Motors from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Thursday, July 13th. Morgan Stanley cut shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 10th. Sanford C. Bernstein cut shares of Tata Motors from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $45.00 to $30.00 in a research note on Friday, August 11th. Finally, Stifel Nicolaus upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $32.50.
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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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