Tata Motors Limited Receives Average Recommendation of “Buy” from Brokerages (NYSE:TTM)
Tata Motors Limited (NYSE:TTM) has earned an average rating of “Buy” from the eight brokerages that are currently covering the company, AnalystRatingsNetwork reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $43.90.
Several analysts have recently commented on the stock. Analysts at Jefferies Group upgraded shares of Tata Motors Limited from a “hold” rating to a “buy” rating in a research note on Tuesday. 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.
Shares of Tata Motors Limited (NYSE:TTM) traded down 0.24% on Tuesday, hitting $48.072. 446,094 shares of the company’s stock traded hands. Tata Motors Limited has a 52 week low of $22.20 and a 52 week high of $48.26. The stock has a 50-day moving average of $42.60 and a 200-day moving average of $38.3. The company has a market cap of $30.946 billion and a price-to-earnings ratio of 10.65.
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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