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

Tata Motors Limited (NYSE:TTM) has earned an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.

Several research firms have recently commented on TTM. ValuEngine upgraded Tata Motors from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Zacks Investment Research lowered Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Deutsche Bank lowered Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, HSBC lowered Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTM. Signaturefd LLC raised its stake in Tata Motors by 139.0% in the second quarter. Signaturefd LLC now owns 5,467 shares of the company’s stock valued at $107,000 after buying an additional 3,180 shares in the last quarter. Parsec Financial Management Inc. acquired a new stake in Tata Motors in the third quarter valued at $164,000. Trexquant Investment LP acquired a new stake in Tata Motors in the third quarter valued at $170,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Tata Motors in the second quarter valued at $235,000. Finally, Greenleaf Trust acquired a new stake in Tata Motors in the third quarter valued at $239,000. Institutional investors and hedge funds own 7.14% of the company’s stock.

Shares of TTM traded up $0.06 during midday trading on Monday, hitting $13.11. 1,883,424 shares of the stock were exchanged, compared to its average volume of 2,221,065. Tata Motors has a 52-week low of $11.35 and a 52-week high of $34.40. The firm has a market cap of $8.95 billion, a P/E ratio of 5.58, a P/E/G ratio of 0.83 and a beta of 2.05. The company has a quick ratio of 0.55, a current ratio of 0.92 and a debt-to-equity ratio of 0.75.

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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