Tata Motors (TTM) Shares Gap Down to $12.81

Shares of Tata Motors Limited (NYSE:TTM) gapped down prior to trading on Wednesday . The stock had previously closed at $12.80, but opened at $12.81. Tata Motors shares last traded at $12.59, with a volume of 632498 shares traded.

Several analysts have issued reports on the stock. Nomura reissued a “neutral” rating on shares of Tata Motors in a research note on Friday, February 8th. Zacks Investment Research downgraded shares of Tata Motors from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Deutsche Bank reissued a “hold” rating on shares of Tata Motors in a research note on Tuesday, March 26th. Finally, Bank of America downgraded shares of Tata Motors from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.00.

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.55 and a current ratio of 0.85. The company has a market capitalization of $8.78 billion, a PE ratio of 64.75, a PEG ratio of -2.70 and a beta of 1.61.



Tata Motors (NYSE:TTM) last posted its quarterly earnings results on Monday, May 20th. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.07. Tata Motors had a negative net margin of 9.31% and a positive return on equity of 0.01%. The firm had revenue of $12.38 billion during the quarter, compared to the consensus estimate of $12.20 billion. Equities analysts anticipate that Tata Motors Limited will post 1.48 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Tata Motors by 18.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 38,105 shares of the company’s stock valued at $586,000 after buying an additional 6,048 shares in the last quarter. Vanguard Group Inc. grew its holdings in Tata Motors by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 371,729 shares of the company’s stock valued at $5,710,000 after buying an additional 30,483 shares in the last quarter. Vanguard Group Inc grew its holdings in Tata Motors by 8.9% in the 3rd quarter. Vanguard Group Inc now owns 371,729 shares of the company’s stock valued at $5,710,000 after buying an additional 30,483 shares in the last quarter. Wetherby Asset Management Inc. lifted its position in shares of Tata Motors by 66.9% during the 4th quarter. Wetherby Asset Management Inc. now owns 27,104 shares of the company’s stock valued at $330,000 after acquiring an additional 10,864 shares during the period. Finally, Hanson & Doremus Investment Management lifted its position in shares of Tata Motors by 24.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 112,625 shares of the company’s stock valued at $1,372,000 after acquiring an additional 22,081 shares during the period. 7.56% of the stock is owned by hedge funds and other institutional investors.

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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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