Tata Motors Ltd. (TTM) Shares Gap Up to $34.56
Tata Motors Ltd. (NYSE:TTM)’s share price gapped up before the market opened on Friday . The stock had previously closed at $34.13, but opened at $34.56. Tata Motors shares last traded at $35.27, with a volume of 723,177 shares.
A number of research firms have commented on TTM. Credit Suisse Group AG lowered Tata Motors from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Zacks Investment Research lowered Tata Motors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Tata Motors presently has an average rating of “Hold” and an average target price of $33.49.
The stock’s 50-day moving average is $33.54 and its 200 day moving average is $28.62.
The firm also recently announced an annual dividend, which will be paid on Monday, July 18th. Stockholders of record on Monday, July 18th will be paid a $0.012 dividend. The ex-dividend date of this dividend is Thursday, July 14th.
Several institutional investors have made changes to their positions in TTM. Wells Fargo & Company MN increased its position in shares of Tata Motors by 11.6% in the fourth quarter. Wells Fargo & Company MN now owns 360,263 shares of the company’s stock worth $10,616,000 after buying an additional 37,379 shares during the last quarter. Renaissance Group LLC increased its position in shares of Tata Motors by 6.2% in the fourth quarter. Renaissance Group LLC now owns 411,782 shares of the company’s stock worth $12,135,000 after buying an additional 24,122 shares during the last quarter. Camelot Portfolios LLC increased its position in shares of Tata Motors by 2.1% in the fourth quarter. Camelot Portfolios LLC now owns 41,559 shares of the company’s stock worth $1,225,000 after buying an additional 849 shares during the last quarter. OppenheimerFunds Inc. acquired a new position in shares of Tata Motors during the fourth quarter worth $21,478,000. Finally, First Trust Advisors LP increased its position in shares of Tata Motors by 71.1% in the fourth quarter. First Trust Advisors LP now owns 560,784 shares of the company’s stock worth $16,526,000 after buying an additional 233,052 shares during the last quarter.
Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations.
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