Tata Motors Ltd. (TTM) Sees Unusually-High Trading Volume
Shares of Tata Motors Ltd. (NYSE:TTM) saw unusually-strong trading volume on Wednesday . Approximately 1,513,880 shares changed hands during trading, an increase of 12% from the previous session’s volume of 1,351,799 shares.The stock last traded at $40.66 and had previously closed at $39.83.
A number of equities analysts recently commented on TTM shares. Zacks Investment Research raised shares of Tata Motors from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Credit Suisse Group AG lowered shares of Tata Motors from an “outperform” rating to a “neutral” rating in a research report 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. The company currently has a consensus rating of “Hold” and an average target price of $33.49.
The stock has a 50 day moving average price of $37.78 and a 200 day moving average price of $31.82. The stock has a market cap of $27.69 billion and a PE ratio of 16.71.
An institutional investor recently raised its position in Tata Motors stock. Wells Fargo & Company MN raised 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 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 about 0.06% of Tata Motors worth $10,616,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.