Tata Motors (NYSE:TTM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The firm currently has a $37.00 price target on the stock. Zacks Investment Research‘s price target suggests a potential upside of 11.78% from the stock’s previous close.
According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “
TTM has been the subject of several other reports. Jefferies Group initiated coverage on shares of Tata Motors in a research note on Monday, January 8th. They issued a “buy” rating for the company. ValuEngine raised shares of Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Tata Motors presently has a consensus rating of “Hold” and a consensus target price of $33.50.
Tata Motors (NYSE:TTM) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter. Tata Motors had a net margin of 4.05% and a return on equity of 14.78%. sell-side analysts predict that Tata Motors will post 3.52 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. First Allied Advisory Services Inc. lifted its stake in Tata Motors by 0.3% in the second quarter. First Allied Advisory Services Inc. now owns 14,073 shares of the company’s stock worth $461,000 after purchasing an additional 47 shares during the last quarter. Nomura Holdings Inc. lifted its stake in Tata Motors by 0.5% in the second quarter. Nomura Holdings Inc. now owns 63,129 shares of the company’s stock worth $2,084,000 after purchasing an additional 314 shares during the last quarter. MML Investors Services LLC lifted its stake in Tata Motors by 7.3% in the second quarter. MML Investors Services LLC now owns 6,460 shares of the company’s stock worth $213,000 after purchasing an additional 441 shares during the last quarter. Advisor Group Inc. lifted its stake in Tata Motors by 8.1% in the second quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock worth $214,000 after purchasing an additional 542 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Tata Motors by 7.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 22,990 shares of the company’s stock worth $766,000 after purchasing an additional 1,530 shares during the last quarter. 10.91% of the stock is owned by institutional investors and hedge funds.
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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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