Tata Motors Ltd. (TTM) Sets New 1-Year High at $37.56
Tata Motors Ltd. (NYSE:TTM)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $37.56 and last traded at $37.53, with a volume of 1,178,601 shares. The stock had previously closed at $37.08.
A number of equities analysts recently issued reports on TTM shares. 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 downgraded shares of Tata Motors from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Tata Motors presently has a consensus rating of “Hold” and an average price target of $33.49.
The stock has a market cap of $25.49 billion and a price-to-earnings ratio of 15.44. The firm’s 50-day moving average is $35.30 and its 200 day moving average is $29.37.
The business also recently disclosed an annual dividend, which was paid on Monday, July 18th. Stockholders of record on Monday, July 18th were issued a dividend of $0.012 per share. The ex-dividend date of this dividend was Thursday, July 14th.
An institutional investor recently raised its position in Tata Motors stock. Wells Fargo & Company MN increased its stake in shares of Tata Motors Ltd. (NYSE:TTM) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,263 shares of the company’s stock after buying an additional 37,379 shares during the period. Wells Fargo & Company MN owned approximately 0.06% of Tata Motors worth $10,616,000 at the end of the most recent reporting 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.
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