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

Tata Motors Limited (NYSE:TTM) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $17.00.

TTM has been the topic of several research analyst reports. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Saturday, April 13th. Deutsche Bank reaffirmed a “hold” rating on shares of Tata Motors in a report on Tuesday, March 26th. Nomura reaffirmed a “neutral” rating on shares of Tata Motors in a report on Friday, February 8th. Finally, Bank of America cut shares of Tata Motors from a “buy” rating to a “neutral” rating in a report on Friday, February 8th.

Tata Motors stock opened at $12.54 on Friday. The firm has a market capitalization of $8.70 billion, a PE ratio of 62.70, a PEG ratio of -2.70 and a beta of 1.61. Tata Motors has a fifty-two week low of $10.29 and a fifty-two week high of $22.94. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 1.17.

Tata Motors (NYSE:TTM) last released its quarterly earnings results on Monday, May 20th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. The firm had revenue of $12.38 billion for the quarter, compared to analysts’ expectations of $12.20 billion. Tata Motors had a negative net margin of 9.31% and a positive return on equity of 0.01%. As a group, sell-side analysts anticipate that Tata Motors will post 1.48 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Balentine LLC increased its stake in Tata Motors by 59.9% in the first quarter. Balentine LLC now owns 2,144 shares of the company’s stock valued at $27,000 after acquiring an additional 803 shares during the last quarter. Lindbrook Capital LLC bought a new position in Tata Motors in the fourth quarter valued at $32,000. Cornerstone Advisors Inc. increased its stake in Tata Motors by 137.5% in the first quarter. Cornerstone Advisors Inc. now owns 2,520 shares of the company’s stock valued at $32,000 after acquiring an additional 1,459 shares during the last quarter. Westside Investment Management Inc. increased its stake in Tata Motors by 1,450.0% in the fourth 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. Finally, Quantamental Technologies LLC bought a new position in Tata Motors in the first quarter valued at $46,000. 7.56% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Tata Motors (NYSE:TTM)

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