Tata Motors (NYSE:TTM) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Tata Motors (NYSE:TTMGet Rating) from a hold rating to a buy rating in a report issued on Tuesday morning.

Several other analysts also recently weighed in on TTM. The Goldman Sachs Group started coverage on shares of Tata Motors in a report on Thursday, October 6th. They issued a neutral rating for the company. JPMorgan Chase & Co. downgraded shares of Tata Motors from an overweight rating to a neutral rating in a report on Monday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold.

Tata Motors Stock Down 0.3 %

Tata Motors stock opened at $27.03 on Tuesday. Tata Motors has a fifty-two week low of $22.92 and a fifty-two week high of $35.38. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.68 and a current ratio of 0.93. The firm has a 50 day moving average price of $25.58 and a 200 day moving average price of $26.97. The company has a market capitalization of $20.70 billion, a PE ratio of -18.77 and a beta of 1.68.

Institutional Investors Weigh In On Tata Motors

Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Tata Motors by 16.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,189 shares of the company’s stock worth $648,000 after purchasing an additional 3,226 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Tata Motors by 132.9% during the 1st quarter. Russell Investments Group Ltd. now owns 98,235 shares of the company’s stock worth $2,744,000 after purchasing an additional 56,065 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Tata Motors by 125.5% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,986 shares of the company’s stock worth $4,087,000 after purchasing an additional 87,915 shares during the last quarter. Causeway Capital Management LLC lifted its position in shares of Tata Motors by 22.3% during the 1st quarter. Causeway Capital Management LLC now owns 268,543 shares of the company’s stock worth $7,506,000 after purchasing an additional 48,912 shares during the last quarter. Finally, Thornburg Investment Management Inc. lifted its position in Tata Motors by 15.4% in the first quarter. Thornburg Investment Management Inc. now owns 850,286 shares of the company’s stock valued at $23,765,000 after acquiring an additional 113,333 shares during the last quarter. 4.05% of the stock is owned by hedge funds and other institutional investors.

Tata Motors Company Profile

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Tata Motors Limited designs, develops, manufactures, and sells various automotive vehicles. The company offers passenger cars; sports utility vehicles; intermediate and light commercial vehicles; small, medium, and heavy commercial vehicles; defense vehicles; pickups, wingers, buses, and trucks; and electric vehicles, as well as related spare parts and accessories.

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