Tata Motors (NYSE:TTM) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

TTM has been the subject of several other research reports. Zacks Investment Research upgraded Tata Motors from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Friday, August 11th. Stifel Nicolaus upgraded Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Sanford C. Bernstein downgraded Tata Motors from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $45.00 to $30.00 in a research note on Friday, August 11th. BidaskClub downgraded Tata Motors from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, Morgan Stanley downgraded Tata Motors from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Tata Motors presently has an average rating of “Hold” and a consensus target price of $33.00.

Tata Motors (NYSE TTM) opened at $30.77 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.98. The firm has a market capitalization of $19,690.00, a price-to-earnings ratio of 20.66, a PEG ratio of 0.23 and a beta of 2.24. Tata Motors has a 12 month low of $28.97 and a 12 month high of $40.34.

A number of hedge funds and other institutional investors have recently modified their holdings of TTM. NEXT Financial Group Inc bought a new position in Tata Motors in the 3rd quarter worth about $100,000. MML Investors Services LLC boosted its stake in Tata Motors by 7.3% in the 2nd quarter. MML Investors Services LLC now owns 6,460 shares of the company’s stock worth $213,000 after purchasing an additional 441 shares during the period. Advisor Group Inc. boosted its stake in Tata Motors by 8.1% in the 2nd quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock worth $214,000 after purchasing an additional 542 shares during the period. Quantbot Technologies LP bought a new position in Tata Motors in the 2nd quarter worth about $226,000. Finally, Stifel Financial Corp bought a new position in Tata Motors in the 3rd quarter worth about $231,000. Institutional investors and hedge funds own 10.93% of the company’s stock.

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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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