Tata Motors Ltd. (TTM) Stock Price Down 0.9%
Shares of Tata Motors Ltd. (NYSE:TTM) were down 0.9% on Monday . The stock traded as low as $38.32 and last traded at $38.33, with a volume of 503,082 shares traded. The stock had previously closed at $38.69.
Several analysts have 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 cut shares of Tata Motors from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.49.
The stock has a market cap of $26.34 billion and a PE ratio of 15.87. The stock’s 50-day moving average price is $36.75 and its 200-day moving average price is $30.73.
The company also recently disclosed an annual dividend, which was paid on Monday, July 18th. Stockholders of record on Monday, July 18th were paid a $0.012 dividend. The ex-dividend date of this dividend was Thursday, July 14th.
A hedge fund recently raised its stake 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 Form 13F filing with the SEC. The firm 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 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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