Tata Motors Ltd. (TTM) Sets New 1-Year High at $36.93
Tata Motors Ltd. (NYSE:TTM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $36.93 and last traded at $36.86, with a volume of 315,742 shares changing hands. The stock had previously closed at $36.55.
A number of brokerages recently issued reports on TTM. Zacks Investment Research upgraded shares of Tata Motors from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Credit Suisse Group AG lowered shares of Tata Motors from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.49.
The stock has a market capitalization of $25.07 billion and a PE ratio of 15.16. The stock has a 50-day moving average of $34.59 and a 200-day moving average of $28.89.
The business also recently declared an annual dividend, which will be paid on Monday, July 18th. Stockholders of record on Monday, July 18th will be given a $0.012 dividend. The ex-dividend date of this dividend is Thursday, July 14th.
Several hedge funds and institutional investors recently added to or reduced their stakes in TTM. Camelot Portfolios LLC raised its position in Tata Motors by 2.1% in the fourth quarter. Camelot Portfolios LLC now owns 41,559 shares of the company’s stock valued at $1,225,000 after buying an additional 849 shares during the last quarter. Sei Investments Co. increased its position in shares of Tata Motors by 4.6% in the fourth quarter. Sei Investments Co. now owns 108,245 shares of the company’s stock valued at $3,190,000 after buying an additional 4,757 shares during the period. Wells Fargo & Company MN increased its position in shares of Tata Motors by 11.6% in the fourth quarter. Wells Fargo & Company MN now owns 360,263 shares of the company’s stock valued at $10,616,000 after buying an additional 37,379 shares during the period. Renaissance Group LLC increased its position in shares of Tata Motors by 6.2% in the fourth quarter. Renaissance Group LLC now owns 411,782 shares of the company’s stock valued at $12,135,000 after buying an additional 24,122 shares during the period. Finally, OppenheimerFunds Inc. acquired a new position in shares of Tata Motors during the fourth quarter valued at $21,478,000.
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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