Tata Motors (NYSE:TTM) Shares Gap Up to $11.85

Tata Motors Limited (NYSE:TTM)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $11.99, but opened at $11.85. Tata Motors shares last traded at $11.60, with a volume of 32,265 shares changing hands.

A number of brokerages have commented on TTM. Nomura raised shares of Tata Motors from a “reduce” rating to a “neutral” rating in a report on Tuesday, October 29th. CLSA upgraded shares of Tata Motors from a “sell” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Zacks Investment Research raised Tata Motors from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.00.

The stock’s 50 day moving average is $11.17 and its two-hundred day moving average is $10.44. The firm has a market capitalization of $7.92 billion, a P/E ratio of 57.78, a P/E/G ratio of -9.61 and a beta of 1.52. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.50.

Tata Motors (NYSE:TTM) last released its earnings results on Friday, October 25th. The company reported ($0.05) EPS for the quarter. The business had revenue of $9.30 billion for the quarter. Tata Motors had a negative return on equity of 3.28% and a negative net margin of 10.10%. As a group, equities research analysts expect that Tata Motors Limited will post 0.37 EPS for the current year.

Several large investors have recently bought and sold shares of TTM. Swiss National Bank increased its stake in shares of Tata Motors by 24.9% in the 2nd quarter. Swiss National Bank now owns 271,433 shares of the company’s stock valued at $3,170,000 after acquiring an additional 54,043 shares during the last quarter. River & Mercantile Asset Management LLP lifted its stake in Tata Motors by 70.0% in the third quarter. River & Mercantile Asset Management LLP now owns 223,670 shares of the company’s stock valued at $1,875,000 after buying an additional 92,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Tata Motors by 9.5% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 56,199 shares of the company’s stock worth $656,000 after acquiring an additional 4,889 shares in the last quarter. Corient Capital Partners LLC bought a new stake in Tata Motors in the 3rd quarter valued at $182,000. Finally, Morgan Stanley boosted its stake in Tata Motors by 25.8% in the 2nd quarter. Morgan Stanley now owns 1,137,804 shares of the company’s stock worth $13,289,000 after purchasing an additional 233,627 shares during the period. Institutional investors and hedge funds own 5.82% of the company’s stock.

About Tata Motors (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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