Tata Motors (TTM) Shares Gap Down to $12.65

Tata Motors Limited (NYSE:TTM) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.96, but opened at $12.65. Tata Motors shares last traded at $12.06, with a volume of 2314863 shares traded.

Several research analysts have recently weighed in on the stock. Deutsche Bank cut shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. HSBC cut shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research cut shares of Tata Motors from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd. Finally, BNP Paribas cut shares of Tata Motors from a “hold” rating to a “reduce” rating in a report on Tuesday, June 26th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Tata Motors has a consensus rating of “Hold” and a consensus target price of $37.00.

The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 5.14, a price-to-earnings-growth ratio of 0.46 and a beta of 2.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.66 and a current ratio of 0.95.

Tata Motors (NYSE:TTM) last released its quarterly earnings results on Wednesday, August 1st. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.85). The firm had revenue of $10.06 billion during the quarter, compared to the consensus estimate of $10.69 billion. Tata Motors had a return on equity of 12.39% and a net margin of 1.32%. As a group, equities analysts predict that Tata Motors Limited will post 2.62 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in Tata Motors by 139.0% in the second quarter. Signaturefd LLC now owns 5,467 shares of the company’s stock valued at $107,000 after acquiring an additional 3,180 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Tata Motors in the second quarter valued at $235,000. Morningstar Investment Services LLC increased its stake in Tata Motors by 51.6% in the second quarter. Morningstar Investment Services LLC now owns 16,273 shares of the company’s stock valued at $318,000 after acquiring an additional 5,537 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Tata Motors by 77.9% in the first quarter. PNC Financial Services Group Inc. now owns 12,792 shares of the company’s stock valued at $328,000 after acquiring an additional 5,601 shares during the last quarter. Finally, Banco de Sabadell S.A bought a new position in Tata Motors in the first quarter valued at $349,000. 7.89% of the stock is currently owned by institutional investors and hedge funds.

Tata Motors Company Profile (NYSE:TTM)

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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