Shares of Tata Motors Limited (NYSE:TTM) gapped down before the market opened on Tuesday . The stock had previously closed at $18.17, but opened at $17.67. Tata Motors shares last traded at $17.51, with a volume of 2195856 shares traded.

Several analysts have recently weighed in on TTM shares. Zacks Investment Research downgraded Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. JPMorgan Chase & Co. downgraded Tata Motors from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 23rd. BNP Paribas downgraded Tata Motors from a “hold” rating to a “reduce” rating in a report on Tuesday, June 26th. Finally, ValuEngine downgraded Tata Motors from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Tata Motors presently has a consensus rating of “Hold” and an average target price of $37.00.

The company has a debt-to-equity ratio of 0.67, a current ratio of 0.95 and a quick ratio of 0.66. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.54 and a beta of 2.12.

Tata Motors (NYSE:TTM) last released its quarterly earnings data on Wednesday, August 1st. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.85). The firm had revenue of $10.06 billion during the quarter, compared to the consensus estimate of $10.69 billion. Tata Motors had a net margin of 1.32% and a return on equity of 12.39%. equities analysts forecast that Tata Motors Limited will post 2.62 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management raised its holdings in shares of Tata Motors by 21.3% in the first quarter. LSV Asset Management now owns 11,400 shares of the company’s stock valued at $292,000 after acquiring an additional 2,000 shares in the last quarter. BB&T Securities LLC grew its stake in Tata Motors by 11.7% in the first quarter. BB&T Securities LLC now owns 20,676 shares of the company’s stock valued at $531,000 after purchasing an additional 2,162 shares during the last quarter. Signaturefd LLC grew its stake in Tata Motors by 139.0% in the second quarter. Signaturefd LLC now owns 5,467 shares of the company’s stock valued at $107,000 after purchasing an additional 3,180 shares during the last quarter. Azimuth Capital Management LLC grew its stake in Tata Motors by 2.5% in the second quarter. Azimuth Capital Management LLC now owns 145,920 shares of the company’s stock valued at $2,853,000 after purchasing an additional 3,510 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Tata Motors by 24.9% in the second quarter. Commonwealth Equity Services LLC now owns 24,509 shares of the company’s stock valued at $479,000 after purchasing an additional 4,884 shares during the last quarter. Hedge funds and other institutional investors own 7.90% of the company’s stock.

Tata Motors Company Profile (NYSE:TTM)

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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