Tata Motors Ltd. (TTM) Shares Gap Up to $36.91
Tata Motors Ltd. (NYSE:TTM)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $36.44, but opened at $36.91. Tata Motors shares last traded at $38.21, with a volume of 784,330 shares trading hands.
TTM has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 18th. Credit Suisse Group AG cut shares of Tata Motors from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.49.
The company has a market cap of $25.90 billion and a P/E ratio of 15.66. The stock’s 50-day moving average is $35.92 and its 200 day moving average is $29.89.
The firm also recently disclosed an annual dividend, which was paid on Monday, July 18th. Shareholders of record on Monday, July 18th were given a dividend of $0.012 per share. The ex-dividend date was Thursday, July 14th.
A hedge fund recently raised its stake in Tata Motors stock. Wells Fargo & Company MN increased its stake in Tata Motors Ltd. (NYSE:TTM) by 11.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 360,263 shares of the company’s stock after buying an additional 37,379 shares during the period. Wells Fargo & Company MN owned 0.06% of Tata Motors worth $10,616,000 at the end of the most recent 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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