Tata Motors (TTM) Trading Down 5.8%

Shares of Tata Motors Limited (NYSE:TTM) fell 5.8% during trading on Monday . The company traded as low as $12.68 and last traded at $12.74. 1,397,600 shares were traded during mid-day trading, a decline of 15% from the average session volume of 1,652,198 shares. The stock had previously closed at $13.52.

A number of brokerages have recently commented on TTM. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Saturday, April 13th. Deutsche Bank reissued a “hold” rating on shares of Tata Motors in a research report on Tuesday, March 26th. Nomura reissued a “neutral” rating on shares of Tata Motors in a research report on Friday, February 8th. Finally, Bank of America lowered shares of Tata Motors from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.00.

The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 5.42, a price-to-earnings-growth ratio of -2.91 and a beta of 1.61. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 0.75.



Tata Motors (NYSE:TTM) last issued its earnings results on Thursday, February 7th. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.31). The firm had revenue of $10.91 billion for the quarter, compared to analyst estimates of $11.03 billion. Tata Motors had a positive return on equity of 3.13% and a negative net margin of 8.55%. Equities research analysts forecast that Tata Motors Limited will post 0.37 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hanson & Doremus Investment Management increased its holdings in Tata Motors by 0.9% during the first quarter. Hanson & Doremus Investment Management now owns 113,671 shares of the company’s stock worth $1,428,000 after buying an additional 1,046 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Tata Motors by 3.7% during the first quarter. Commonwealth Equity Services LLC now owns 38,821 shares of the company’s stock worth $487,000 after buying an additional 1,399 shares during the last quarter. Cornerstone Advisors Inc. increased its holdings in Tata Motors by 137.5% during the first quarter. Cornerstone Advisors Inc. now owns 2,520 shares of the company’s stock worth $32,000 after buying an additional 1,459 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Tata Motors by 24.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,664 shares of the company’s stock worth $117,000 after buying an additional 1,901 shares during the last quarter. Finally, Lindbrook Capital LLC acquired a new position in Tata Motors during the fourth quarter worth $32,000. Institutional investors and hedge funds own 7.62% of the company’s stock.

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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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