Shares of Tata Motors Limited (NYSE:TTM) hit a new 52-week low during trading on Friday . The stock traded as low as $26.41 and last traded at $26.38, with a volume of 887758 shares changing hands. The stock had previously closed at $27.03.
TTM has been the topic of several research analyst reports. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Saturday, January 20th. ValuEngine lowered Tata Motors from a “buy” rating to a “hold” rating in a report on Friday, March 9th. Finally, Jefferies Group initiated coverage on Tata Motors in a report on Monday, January 8th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.50.
The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.98. The firm has a market cap of $18,499.66, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.18 and a beta of 2.16.
A number of institutional investors and hedge funds have recently modified their holdings of the business. NEXT Financial Group Inc acquired a new stake in shares of Tata Motors in the third quarter worth approximately $100,000. Tower Research Capital LLC TRC lifted its position in Tata Motors by 724.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,511 shares of the company’s stock worth $116,000 after buying an additional 3,085 shares in the last quarter. Premia Global Advisors LLC purchased a new position in Tata Motors during the fourth quarter worth approximately $136,000. Stifel Financial Corp purchased a new position in Tata Motors during the third quarter worth approximately $231,000. Finally, Advisor Group Inc. lifted its position in Tata Motors by 21.8% during the third quarter. Advisor Group Inc. now owns 8,835 shares of the company’s stock worth $277,000 after buying an additional 1,581 shares in the last quarter. 10.32% of the stock is currently owned by institutional investors.
Tata Motors Company Profile
Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.
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