Tata Motors Ltd. (TTM) Shares Gap Up to $36.91
Tata Motors Ltd. (NYSE:TTM) 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 changing hands.
A number of equities research analysts have recently weighed in on TTM shares. Zacks Investment Research downgraded shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 18th. Credit Suisse Group AG downgraded 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 company’s stock. The stock has an average rating of “Hold” and a consensus target price of $33.49.
The firm has a market capitalization of $26.49 billion and a price-to-earnings ratio of 15.95. The stock’s 50-day moving average price is $36.05 and its 200 day moving average price is $29.96.
The business also recently disclosed an annual dividend, which was paid on Monday, July 18th. Stockholders of record on Monday, July 18th were paid 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 raised its position in shares of Tata Motors Ltd. (NYSE:TTM) by 11.6% during the fourth quarter, according to its most recent disclosure 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 approximately 0.06% of Tata Motors worth $10,616,000 as of its most recent SEC filing.
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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