Tata Motors (TTM) Rating Lowered to Hold at ValuEngine

Tata Motors (NYSE:TTM) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday, March 9th.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Jefferies Group initiated coverage on shares of Tata Motors in a research report on Monday, January 8th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $33.50.

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Shares of NYSE:TTM traded down $0.03 on Friday, reaching $25.67. The company’s stock had a trading volume of 1,428,507 shares, compared to its average volume of 1,502,634. The stock has a market capitalization of $17,453.79, a P/E ratio of 18.34, a PEG ratio of 0.17 and a beta of 2.25. The company has a quick ratio of 0.63, a current ratio of 0.98 and a debt-to-equity ratio of 0.79. Tata Motors has a 52-week low of $24.85 and a 52-week high of $37.62.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. NEXT Financial Group Inc acquired a new position in Tata Motors during the third quarter worth $100,000. Tower Research Capital LLC TRC lifted its position in shares of Tata Motors by 724.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,511 shares of the company’s stock worth $116,000 after purchasing an additional 3,085 shares in the last quarter. Premia Global Advisors LLC acquired a new stake in shares of Tata Motors during the fourth quarter worth about $136,000. Stifel Financial Corp acquired a new stake in shares of Tata Motors during the third quarter worth about $231,000. Finally, Advisor Group Inc. raised its holdings in Tata Motors by 21.8% in the third quarter. Advisor Group Inc. now owns 8,835 shares of the company’s stock valued at $277,000 after acquiring an additional 1,581 shares in the last quarter. Hedge funds and other institutional investors own 10.32% of the company’s stock.

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About Tata Motors

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 passenger cars, such as passenger cars; utility vehicles, including SUVs and multipurpose utility vehicles; light commercial vehicles comprising pickup trucks and small commercial vehicles; and medium and heavy commercial vehicles consisting of trucks, tractors, buses, tippers, multi-axle vehicles, dump trucks, tractor-trailers, mixers, and cargo vehicles, as well as related parts and accessories.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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