Tata Motors Limited Reaches New 52-Week High at $43.35 (TTM)
Tata Motors Limited (NYSE:TTM)’s share price hit a new 52-week high on Thursday , Stock Ratings Network reports. The stock traded as high as $43.35 and last traded at $43.31, with a volume of 717,963 shares. The stock had previously closed at $42.20.
A number of research firms have recently commented on TTM. Analysts at Zacks upgraded shares of Tata Motors Limited from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $43.90 price target on the stock. 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $43.90.
The stock has a 50-day moving average of $40.61 and a 200-day moving average of $36.90. The company has a market cap of $28.209 billion and a P/E ratio of 9.41.
Tata Motors Limited (NYSE:TTM) last posted its quarterly earnings results on Monday, August 11th. The company reported $1.38 EPS 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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