Tata Motors Ltd (NYSE:TTM) shares gapped down before the market opened on Friday . The stock had previously closed at $32.42, but opened at $32.32. Tata Motors shares last traded at $32.32, with a volume of 2391320 shares traded.

Several research analysts have issued reports on the company. Stifel Nicolaus raised Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, August 25th. BidaskClub downgraded Tata Motors from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Sanford C. Bernstein downgraded Tata Motors from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $45.00 to $30.00 in a report on Friday, August 11th. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, August 11th. Finally, Morgan Stanley downgraded Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Tata Motors currently has a consensus rating of “Hold” and an average price target of $32.50.

The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $21,949.68, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 0.27 and a beta of 2.23.

Tata Motors (NYSE:TTM) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.21). The company 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%. equities research analysts forecast that Tata Motors Ltd will post 2.91 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. NEXT Financial Group Inc acquired a new position in shares of Tata Motors in the 3rd quarter valued at $100,000. PNC Financial Services Group Inc. lifted its stake in shares of Tata Motors by 439.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock valued at $194,000 after purchasing an additional 4,404 shares during the period. MML Investors Services LLC lifted its stake in shares of Tata Motors by 7.3% in the 2nd quarter. MML Investors Services LLC now owns 6,460 shares of the company’s stock valued at $213,000 after purchasing an additional 441 shares during the period. Advisor Group Inc. lifted its stake in shares of Tata Motors by 8.1% in the 2nd quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock valued at $214,000 after purchasing an additional 542 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Tata Motors in the 2nd quarter valued at $226,000. 11.84% of the stock is currently owned by institutional investors.

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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.

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