Tata Motors (TTM) Sets New 1-Year Low at $11.19

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Tata Motors Limited (NYSE:TTM) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.19 and last traded at $11.40, with a volume of 1612280 shares changing hands. The stock had previously closed at $12.09.

A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Tata Motors from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. Zacks Investment Research cut shares of Tata Motors from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 6th. Deutsche Bank cut shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, HSBC cut shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $37.00.

The firm has a market cap of $7.78 billion, a PE ratio of 4.79, a PEG ratio of 0.72 and a beta of 2.05. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 0.75.

Tata Motors (NYSE:TTM) last issued its quarterly earnings data on Wednesday, October 31st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.54). The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $9.86 billion. Tata Motors had a net margin of 0.18% and a return on equity of 4.08%. As a group, equities research analysts expect that Tata Motors Limited will post 1.24 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of Tata Motors by 14.6% during the third quarter. Renaissance Technologies LLC now owns 4,754,600 shares of the company’s stock valued at $73,031,000 after buying an additional 605,900 shares during the last quarter. Morgan Stanley boosted its holdings in Tata Motors by 6.8% during the second quarter. Morgan Stanley now owns 4,327,916 shares of the company’s stock worth $84,611,000 after purchasing an additional 274,870 shares during the last quarter. BlackRock Inc. boosted its holdings in Tata Motors by 10.7% during the third quarter. BlackRock Inc. now owns 3,013,445 shares of the company’s stock worth $46,287,000 after purchasing an additional 291,506 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Tata Motors by 10.6% during the third quarter. Hsbc Holdings PLC now owns 2,327,570 shares of the company’s stock worth $35,753,000 after purchasing an additional 222,532 shares during the last quarter. Finally, Credit Suisse AG boosted its holdings in Tata Motors by 65.2% during the third quarter. Credit Suisse AG now owns 1,454,967 shares of the company’s stock worth $22,348,000 after purchasing an additional 574,254 shares during the last quarter. Hedge funds and other institutional investors own 7.48% of the company’s stock.

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Tata Motors Company Profile (NYSE:TTM)

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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