Tata Motors Ltd. (TTM) Shares Gap Up to $36.81
Tata Motors Ltd. (NYSE:TTM) gapped up before the market opened on Friday . The stock had previously closed at $36.61, but opened at $36.81. Tata Motors shares last traded at $37.25, with a volume of 537,681 shares traded.
A number of research firms have weighed in on TTM. Zacks Investment Research raised shares of Tata Motors from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Credit Suisse Group AG lowered shares of Tata Motors from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $33.49.
The stock has a market cap of $25.36 billion and a P/E ratio of 15.30. The company’s 50 day moving average price is $35.14 and its 200-day moving average price is $29.17.
The company also recently declared an annual dividend, which was paid on Monday, July 18th. Stockholders of record on Monday, July 18th were issued a $0.012 dividend. The ex-dividend date was Thursday, July 14th.
A number of large investors recently made changes to their positions in TTM. Sei Investments Co. increased its stake in shares of Tata Motors by 4.6% in the fourth quarter. Sei Investments Co. now owns 108,245 shares of the company’s stock worth $3,190,000 after buying an additional 4,757 shares in the last quarter. Wells Fargo & Company MN increased its stake 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 in the last quarter. Finally, OppenheimerFunds Inc. bought a new stake in shares of Tata Motors during the fourth quarter worth $21,478,000.
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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