Tata Motors (NYSE:TTM) released its earnings results on Monday. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.07, Morningstar.com reports. Tata Motors had a negative net margin of 8.55% and a positive return on equity of 3.13%.
Shares of TTM opened at $12.56 on Tuesday. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 5.34, a PEG ratio of -2.70 and a beta of 1.61. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.55. Tata Motors has a twelve month low of $10.29 and a twelve month high of $23.57.
Several equities analysts recently commented on TTM shares. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Saturday, April 13th. Deutsche Bank reissued a “hold” rating on shares of Tata Motors in a research report on Tuesday, March 26th. Nomura reissued a “neutral” rating on shares of Tata Motors in a research report on Friday, February 8th. Finally, Bank of America cut shares of Tata Motors from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.00.
About Tata Motors
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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