Zacks Investment Research Upgrades Tata Motors (NYSE:TTM) to “Hold”

Zacks Investment Research upgraded shares of Tata Motors (NYSE:TTM) from a sell rating to a hold rating in a research report released on Thursday, April 12th.

According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “

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Several other analysts have also recently issued reports on TTM. Jefferies Group started coverage on Tata Motors in a report on Monday, January 8th. They set a buy rating on the stock. ValuEngine cut Tata Motors from a buy rating to a hold rating in a report on Friday, March 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $33.50.

Shares of TTM opened at $24.85 on Thursday. The company has a market cap of $16,876.63, a PE ratio of 12.43, a PEG ratio of 0.14 and a beta of 2.25. Tata Motors has a 1 year low of $24.83 and a 1 year high of $37.62. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.98.

Tata Motors (NYSE:TTM) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter. The business had revenue of $11.48 billion for the quarter. Tata Motors had a return on equity of 19.58% and a net margin of 3.92%. equities analysts forecast that Tata Motors will post 3.14 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Tata Motors by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 598,792 shares of the company’s stock valued at $18,711,000 after purchasing an additional 9,849 shares during the last quarter. New York State Common Retirement Fund grew its position in Tata Motors by 16.7% in the 3rd quarter. New York State Common Retirement Fund now owns 63,980 shares of the company’s stock valued at $2,001,000 after acquiring an additional 9,156 shares during the last quarter. Acadian Asset Management LLC grew its position in Tata Motors by 11.8% in the 4th quarter. Acadian Asset Management LLC now owns 419,700 shares of the company’s stock valued at $13,880,000 after acquiring an additional 44,438 shares during the last quarter. Thomas White International Ltd. grew its position in Tata Motors by 2.6% in the 4th quarter. Thomas White International Ltd. now owns 135,498 shares of the company’s stock valued at $4,481,000 after acquiring an additional 3,373 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in Tata Motors by 10.1% in the 4th quarter. Schroder Investment Management Group now owns 128,049 shares of the company’s stock valued at $4,235,000 after acquiring an additional 11,710 shares during the last quarter. 10.30% of the stock is currently owned by hedge funds and other institutional investors.

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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 passenger cars, such as passenger cars; utility vehicles, including SUVs and multipurpose utility vehicles; light commercial vehicles comprising pickup trucks and small commercial vehicles; and medium and heavy commercial vehicles consisting of trucks, tractors, buses, tippers, multi-axle vehicles, dump trucks, tractor-trailers, mixers, and cargo vehicles, as well as related parts and accessories.

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