Tata Motors Limited Downgraded by Sanford C. Bernstein to “Market Perform” (TTM)
Tata Motors Limited (NYSE:TTM) was downgraded by research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
Tata Motors Limited (NYSE:TTM) opened at 48.32 on Wednesday. Tata Motors Limited has a one year low of $23.05 and a one year high of $48.64. The stock’s 50-day moving average is $42.86 and its 200-day moving average is $38.68. The company has a market cap of $31.105 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 earnings per share for the quarter.
Other equities research analysts have also recently issued reports about 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $43.90.
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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