Tata Motors Ltd. (TTM) Hits New 52-Week High at $36.93
Tata Motors Ltd. (NYSE:TTM) shares hit a new 52-week high during trading on Monday . The stock traded as high as $36.93 and last traded at $36.86, with a volume of 315,742 shares. The stock had previously closed at $36.55.
Several brokerages have commented on TTM. Zacks Investment Research raised Tata Motors from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Credit Suisse Group AG downgraded Tata Motors from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $33.49.
The stock’s 50-day moving average is $34.86 and its 200-day moving average is $28.99. The stock has a market capitalization of $24.97 billion and a P/E ratio of 15.10.
The firm also recently declared an annual dividend, which was paid on Monday, July 18th. Investors of record on Monday, July 18th were paid a $0.012 dividend. The ex-dividend date was Thursday, July 14th.
A number of large investors have recently bought and sold shares of TTM. Sei Investments Co. raised its stake in Tata Motors by 4.6% in the fourth quarter. Sei Investments Co. now owns 108,245 shares of the company’s stock valued at $3,190,000 after buying an additional 4,757 shares during the period. OppenheimerFunds Inc. purchased a new stake in Tata Motors during the fourth quarter valued at approximately $21,478,000. Renaissance Group LLC raised its stake in Tata Motors by 6.2% in the fourth quarter. Renaissance Group LLC now owns 411,782 shares of the company’s stock valued at $12,135,000 after buying an additional 24,122 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Tata Motors by 11.6% in the fourth quarter. Wells Fargo & Company MN now owns 360,263 shares of the company’s stock valued at $10,616,000 after buying an additional 37,379 shares during the period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.