Tata Motors Ltd. (TTM) Hits New 1-Year High at $39.15
Shares of Tata Motors Ltd. (NYSE:TTM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.15 and last traded at $39.12, with a volume of 477,693 shares traded. The stock had previously closed at $39.00.
Several analysts have recently issued reports on TTM shares. Credit Suisse Group AG lowered Tata Motors from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Zacks Investment Research lowered Tata Motors from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.49.
The firm’s 50 day moving average is $36.05 and its 200-day moving average is $29.96. The firm has a market cap of $26.59 billion and a price-to-earnings ratio of 16.01.
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 $0.012 dividend. 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 stake in Tata Motors Ltd. (NYSE:TTM) by 11.6% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 about 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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