Tata Motors Limited Upgraded by Zacks to Outperform (TTM)
Tata Motors Limited (NYSE:TTM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday. The firm currently has a $43.90 target price on the stock. Zacks‘s price objective indicates a potential upside of 4.92% from the company’s current price.
Separately, analysts at Morgan Stanley downgraded shares of Tata Motors Limited from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $43.90.
Tata Motors Limited (NYSE:TTM) traded up 0.74% on Wednesday, hitting $42.15. The stock had a trading volume of 628,348 shares. Tata Motors Limited has a 52 week low of $21.75 and a 52 week high of $42.83. The stock has a 50-day moving average of $40.54 and a 200-day moving average of $36.86. The company has a market cap of $27.133 billion and a price-to-earnings ratio of 9.33.
Tata Motors Limited (NYSE:TTM) last issued its quarterly earnings data on Monday, August 11th. The company reported $1.38 earnings per share for the quarter.
Tata Motors Limited is an automobile company. Through its other subsidiary, the Company is engaged in providing engineering and automotive solutions, construction equipment manufacturing, automotive vehicle components manufacturing and supply chain activities, machine tools and factory automation solutions, high-precision tooling and plastic and electronic components for automotive and computer applications, and automotive retailing and service operations.
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