Tata Motors Ltd (NYSE:TTM) has received an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $32.50.

TTM has been the topic of a number of research reports. BidaskClub upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Tata Motors from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, July 13th. Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 10th. Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $45.00 to $30.00 in a research report on Friday, August 11th. Finally, Stifel Nicolaus upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a research report on Friday, August 25th.

Several institutional investors and hedge funds have recently bought and sold shares of TTM. Stifel Financial Corp bought a new stake in shares of Tata Motors during the first quarter worth approximately $209,000. PNC Financial Services Group Inc. raised its stake in shares of Tata Motors by 439.5% during the first quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock worth $194,000 after buying an additional 4,404 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Tata Motors by 14.7% during the first quarter. Vanguard Group Inc. now owns 462,167 shares of the company’s stock worth $16,476,000 after buying an additional 59,267 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Tata Motors by 28.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 69,158 shares of the company’s stock worth $2,466,000 after buying an additional 15,258 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Tata Motors by 0.4% during the first quarter. State Street Corp now owns 1,036,177 shares of the company’s stock worth $36,940,000 after buying an additional 4,248 shares during the last quarter. 11.82% of the stock is owned by institutional investors and hedge funds.

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Tata Motors (NYSE:TTM) last announced its earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.21). Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. The company had revenue of $9.30 billion for the quarter.

About Tata Motors

Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.

Analyst Recommendations for Tata Motors (NYSE:TTM)

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