Tata Motors Limited to Post FY2019 Earnings of $1.24 Per Share, Jefferies Financial Group Forecasts (TTM)

Tata Motors Limited (NYSE:TTM) – Research analysts at Jefferies Financial Group lowered their FY2019 EPS estimates for shares of Tata Motors in a research report issued to clients and investors on Wednesday, October 31st. Jefferies Financial Group analyst A. Sen now expects that the company will earn $1.24 per share for the year, down from their previous estimate of $2.47. Jefferies Financial Group also issued estimates for Tata Motors’ FY2020 earnings at $2.10 EPS.

Several other analysts have also recently issued reports on TTM. Zacks Investment Research cut shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. HSBC cut shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Deutsche Bank cut shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, ValuEngine upgraded shares of Tata Motors from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Tata Motors currently has an average rating of “Hold” and an average target price of $37.00.

Shares of NYSE TTM opened at $13.01 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.55 and a current ratio of 0.92. The stock has a market cap of $8.67 billion, a PE ratio of 5.54, a price-to-earnings-growth ratio of 0.80 and a beta of 2.05. Tata Motors has a 12-month low of $11.35 and a 12-month high of $34.40.

Large investors have recently modified their holdings of the stock. Signaturefd LLC grew its holdings in Tata Motors by 139.0% during the 2nd quarter. Signaturefd LLC now owns 5,467 shares of the company’s stock valued at $107,000 after purchasing an additional 3,180 shares during the last quarter. Parsec Financial Management Inc. bought a new position in Tata Motors during the 3rd quarter valued at about $164,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Tata Motors during the 2nd quarter valued at about $235,000. Greenleaf Trust bought a new position in Tata Motors during the 3rd quarter valued at about $239,000. Finally, Creative Planning bought a new position in Tata Motors during the 3rd quarter valued at about $243,000. Institutional investors own 7.14% of the company’s stock.

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 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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Earnings History and Estimates for Tata Motors (NYSE:TTM)

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