FY2019 Earnings Forecast for Tata Motors Limited (TTM) Issued By Jefferies Group

Tata Motors Limited (NYSE:TTM) – Jefferies Group decreased their FY2019 earnings estimates for shares of Tata Motors in a research report issued to clients and investors on Monday. Jefferies Group analyst A. Sen now expects that the company will earn $4.01 per share for the year, down from their prior forecast of $4.41. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Tata Motors’ FY2020 earnings at $4.60 EPS.

Tata Motors (NYSE:TTM) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter. The business had revenue of $10.94 billion during the quarter. Tata Motors had a net margin of 3.92% and a return on equity of 19.63%.

TTM has been the subject of several other reports. Zacks Investment Research raised shares of Tata Motors from a “sell” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Saturday, November 18th. ValuEngine raised shares of Tata Motors from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.50.

Tata Motors (TTM) traded up $0.12 during trading on Wednesday, hitting $28.42. 1,892,845 shares of the stock traded hands, compared to its average volume of 1,615,087. The stock has a market cap of $19,769.65, a PE ratio of 13.95, a P/E/G ratio of 0.20 and a beta of 2.16. Tata Motors has a 1-year low of $27.58 and a 1-year high of $38.14. The company has a current ratio of 0.98, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79.

A number of large investors have recently made changes to their positions in TTM. Coronation Fund Managers Ltd. increased its stake in Tata Motors by 6.0% in the fourth quarter. Coronation Fund Managers Ltd. now owns 6,987,780 shares of the company’s stock valued at $231,086,000 after purchasing an additional 396,536 shares during the period. Cambiar Investors LLC increased its stake in Tata Motors by 27.0% in the third quarter. Cambiar Investors LLC now owns 6,848,893 shares of the company’s stock valued at $214,165,000 after purchasing an additional 1,456,480 shares during the period. Fisher Asset Management LLC increased its stake in Tata Motors by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 5,621,236 shares of the company’s stock valued at $185,894,000 after purchasing an additional 65,629 shares during the period. BlackRock Inc. increased its stake in 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 purchasing an additional 542,597 shares during the period. Finally, State Street Corp increased its stake in Tata Motors by 2.1% in the second quarter. State Street Corp now owns 1,058,138 shares of the company’s stock valued at $34,929,000 after purchasing an additional 21,961 shares during the period. Hedge funds and other institutional investors own 10.93% of the company’s stock.

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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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