Tata Motors (TTM) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Tata Motors (NYSE:TTM) from a hold rating to a buy rating in a research report report published on Saturday, January 20th. Zacks Investment Research currently has $37.00 price objective on the stock.

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

Several other research analysts also recently commented on the stock. ValuEngine raised shares of Tata Motors from a hold rating to a buy rating in a research note on Friday, December 1st. Jefferies Group assumed coverage on shares of Tata Motors in a research note on Monday, January 8th. They issued a buy rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $33.50.

Tata Motors (NYSE:TTM) opened at $28.67 on Friday. The company has a market cap of $18,360.00, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 0.19 and a beta of 2.16. Tata Motors has a one year low of $27.58 and a one year high of $37.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.98.

Large investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc bought a new stake in shares of Tata Motors during the 3rd quarter valued at $100,000. Tower Research Capital LLC TRC boosted its holdings in shares of Tata Motors by 724.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,511 shares of the company’s stock valued at $116,000 after buying an additional 3,085 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Tata Motors by 7.3% during the 2nd quarter. MML Investors Services LLC now owns 6,460 shares of the company’s stock valued at $213,000 after buying an additional 441 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Tata Motors by 8.1% during the 2nd quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock valued at $214,000 after buying an additional 542 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Tata Motors in the 2nd quarter worth about $226,000. Institutional investors and hedge funds own 10.87% of the company’s stock.

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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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