Tata Motors Rating Increased to Outperform at Zacks (TTM)
Tata Motors (NYSE:TTM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a $35.50 target price on the stock. Zacks‘ target price would indicate a potential upside of 15.41% from the stock’s previous close.
A number of other analysts have also recently weighed in on TTM. Analysts at Nomura upgraded shares of Tata Motors from a “neutral” rating to a “buy” rating in a research note on Tuesday. Analysts at Credit Agricole upgraded shares of Tata Motors from an “outperform” rating to a “buy” rating in a research note on Monday. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.25.
Shares of Tata Motors (NYSE:TTM) traded up 0.81% during mid-day trading on Thursday, hitting $31.01. 1,414,555 shares of the company’s stock traded hands. Tata Motors has a one year low of $21.75 and a one year high of $32.89. The stock’s 50-day moving average is $29.63 and its 200-day moving average is $28.46. The company has a market cap of $19.785 billion and a P/E ratio of 10.61.
Tata Motors (NYSE:TTM) last posted its quarterly earnings results on Monday, February 10th. The company reported $1.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.36. Analysts expect that Tata Motors will post $3.75 EPS for the current fiscal year.
Tata Motors Limited (NYSE:TTM) is an automobile company.
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