Shares of Tata Motors Limited (NYSE:TTM) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $30.00.

Several brokerages have issued reports on TTM. Zacks Investment Research cut Tata Motors from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Group began coverage on Tata Motors in a report on Monday, January 8th. They issued a “buy” rating for the company. Finally, ValuEngine upgraded Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

Shares of Tata Motors (TTM) opened at $34.32 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.98 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $23,307.95, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 0.22 and a beta of 2.21. Tata Motors has a twelve month low of $28.97 and a twelve month high of $40.34.

Tata Motors (NYSE:TTM) last issued its earnings results on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter. Tata Motors had a return on equity of 14.78% and a net margin of 4.05%. equities research analysts anticipate that Tata Motors will post 3.44 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTM. Cambiar Investors LLC grew its holdings in shares of Tata Motors by 27.0% during the 3rd quarter. Cambiar Investors LLC now owns 6,848,893 shares of the company’s stock worth $214,165,000 after purchasing an additional 1,456,480 shares during the period. BlackRock Inc. grew its holdings in shares of Tata Motors by 22.8% during the 2nd quarter. BlackRock Inc. now owns 2,921,844 shares of the company’s stock worth $96,451,000 after purchasing an additional 542,597 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Tata Motors by 22.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,693,600 shares of the company’s stock worth $55,906,000 after purchasing an additional 309,900 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Tata Motors by 14.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 957,061 shares of the company’s stock worth $31,593,000 after purchasing an additional 121,958 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Tata Motors by 24.2% during the 3rd quarter. Wells Fargo & Company MN now owns 564,844 shares of the company’s stock worth $17,662,000 after purchasing an additional 109,944 shares during the period. Institutional investors and hedge funds own 10.91% of the company’s stock.

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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.

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