Tata Motors Limited (NYSE:TTM) shares hit a new 52-week low on Thursday . The stock traded as low as $11.87 and last traded at $11.86, with a volume of 75165 shares trading hands. The stock had previously closed at $12.06.
TTM has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research note on Friday, August 3rd. Deutsche Bank downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. BNP Paribas downgraded shares of Tata Motors from a “hold” rating to a “reduce” rating in a research note on Tuesday, June 26th. Finally, HSBC downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Tata Motors has a consensus rating of “Hold” and a consensus target price of $37.00.
The company has a debt-to-equity ratio of 0.67, a current ratio of 0.95 and a quick ratio of 0.66. The firm has a market cap of $10.43 billion, a P/E ratio of 5.08, a PEG ratio of 0.46 and a beta of 2.08.
Tata Motors (NYSE:TTM) last posted its quarterly earnings results on Wednesday, August 1st. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.85). The business had revenue of $10.06 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Tata Motors had a net margin of 1.32% and a return on equity of 12.39%. On average, analysts forecast that Tata Motors Limited will post 2.62 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of TTM. Millennium Management LLC grew its holdings in Tata Motors by 503.4% in the 1st quarter. Millennium Management LLC now owns 1,308,312 shares of the company’s stock valued at $33,624,000 after buying an additional 1,091,497 shares during the period. Renaissance Technologies LLC grew its holdings in Tata Motors by 24.5% in the 2nd quarter. Renaissance Technologies LLC now owns 4,148,700 shares of the company’s stock valued at $81,107,000 after buying an additional 817,000 shares during the period. BlackRock Inc. grew its holdings in shares of Tata Motors by 16.6% during the 1st quarter. BlackRock Inc. now owns 3,966,599 shares of the company’s stock worth $101,941,000 after purchasing an additional 564,793 shares during the period. Bank of Montreal Can purchased a new stake in shares of Tata Motors during the 2nd quarter worth about $9,341,000. Finally, SG Americas Securities LLC grew its holdings in shares of Tata Motors by 354.5% during the 2nd quarter. SG Americas Securities LLC now owns 597,216 shares of the company’s stock worth $11,676,000 after purchasing an additional 465,822 shares during the period. Institutional investors own 7.89% 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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