Tata Motors Limited (TTM) Given Consensus Recommendation of “Hold” by Brokerages

Tata Motors Limited (NYSE:TTM) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating on the company.

Several equities analysts recently issued reports on TTM shares. Zacks Investment Research raised Tata Motors from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Nomura reissued a “neutral” rating on shares of Tata Motors in a research note on Friday, February 8th. Finally, Bank of America lowered Tata Motors from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th.

TTM traded up $0.14 during mid-day trading on Friday, hitting $13.03. 10,657 shares of the stock were exchanged, compared to its average volume of 1,686,892. Tata Motors has a 1-year low of $10.29 and a 1-year high of $27.87. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 0.75. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 5.55, a PEG ratio of -4.19 and a beta of 1.51.

Tata Motors (NYSE:TTM) last posted its earnings results on Thursday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.31). Tata Motors had a positive return on equity of 3.13% and a negative net margin of 8.55%. The firm had revenue of $10.91 billion for the quarter, compared to analyst estimates of $11.03 billion. On average, research analysts forecast that Tata Motors will post 0.98 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC acquired a new stake in Tata Motors in the 4th quarter valued at about $32,000. Westside Investment Management Inc. raised its position in Tata Motors by 1,450.0% in the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock valued at $38,000 after purchasing an additional 2,900 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Tata Motors by 24.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,664 shares of the company’s stock valued at $117,000 after purchasing an additional 1,901 shares in the last quarter. Baker Avenue Asset Management LP acquired a new stake in Tata Motors in the 4th quarter valued at about $123,000. Finally, LPL Financial LLC acquired a new stake in Tata Motors in the 3rd quarter valued at about $166,000. 7.62% of the stock is currently owned by institutional investors.

Tata Motors Company Profile

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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Analyst Recommendations for Tata Motors (NYSE:TTM)

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