Tata Motors Ltd. (TTM) Reaches New 52-Week High at $39.75
Shares of Tata Motors Ltd. (NYSE:TTM) hit a new 52-week high on Monday . The company traded as high as $39.75 and last traded at $39.63, with a volume of 920,963 shares traded. The stock had previously closed at $38.76.
A number of analysts recently weighed in on TTM shares. Zacks Investment Research cut 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 note on Monday, June 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Tata Motors currently has a consensus rating of “Hold” and a consensus price target of $33.49.
The stock has a market capitalization of $27.00 billion and a P/E ratio of 16.29. The company has a 50 day moving average of $37.56 and a 200-day moving average of $31.42.
An institutional investor recently raised its position in Tata Motors stock. Wells Fargo & Company MN boosted its position 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 (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 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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