Tata Motors Limited Hits New 52-Week High at $47.42 (TTM)
Tata Motors Limited (NYSE:TTM) shares hit a new 52-week high during trading on Tuesday , AnalystRatingsNetwork.com reports. The company traded as high as $47.42 and last traded at $47.36, with a volume of 354,810 shares trading hands. The stock had previously closed at $46.73.
Separately, analysts at Zacks upgraded shares of Tata Motors Limited from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $43.90 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $43.90.
The stock has a 50-day moving average of $41.89 and a 200-day moving average of $38.00. The company has a market cap of $30.476 billion and a price-to-earnings ratio of 10.33.
Tata Motors Limited (NYSE:TTM) last posted its quarterly earnings results on Monday, August 11th. The company reported $1.38 earnings per share (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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