Tata Motors Limited (TTM) Given Consensus Rating of “Hold” by Analysts

Shares of Tata Motors Limited (NYSE:TTM) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company.

Several equities research analysts have issued reports on the company. Zacks Investment Research raised Tata Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Deutsche Bank reaffirmed a “hold” rating on shares of Tata Motors in a research note on Tuesday, March 26th. ValuEngine lowered Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Nomura reaffirmed a “neutral” rating on shares of Tata Motors in a research note on Friday, February 8th. Finally, Bank of America lowered Tata Motors from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC bought a new stake in shares of Tata Motors in the 4th quarter valued at about $32,000. Westside Investment Management Inc. lifted its stake in shares of Tata Motors by 1,450.0% in the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock valued at $38,000 after acquiring an additional 2,900 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Tata Motors by 24.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,664 shares of the company’s stock valued at $117,000 after acquiring an additional 1,901 shares during the last quarter. Baker Avenue Asset Management LP bought a new stake in shares of Tata Motors in the 4th quarter valued at about $123,000. Finally, LPL Financial LLC bought a new stake in shares of Tata Motors in the 3rd quarter valued at about $166,000. 7.62% of the stock is owned by institutional investors.

TTM stock traded down $0.17 during mid-day trading on Thursday, hitting $15.59. 258,077 shares of the stock were exchanged, compared to its average volume of 1,467,393. 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 has a 12 month low of $10.29 and a 12 month high of $27.37. The firm has a market cap of $10.02 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of -3.08 and a beta of 1.51.

Tata Motors (NYSE:TTM) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.31). Tata Motors had a positive return on equity of 3.13% and a negative net margin of 8.55%. The firm had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $11.03 billion. As a group, research analysts expect that Tata Motors will post 0.98 EPS for the current fiscal year.

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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