Tata Motors Ltd. (TTM) Shares Gap Up to $36.81
Shares of Tata Motors Ltd. (NYSE:TTM) gapped up before the market opened on Friday . The stock had previously closed at $36.61, but opened at $36.81. Tata Motors shares last traded at $37.25, with a volume of 537,681 shares.
Several brokerages have recently commented on TTM. Zacks Investment Research upgraded Tata Motors from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Credit Suisse Group AG cut 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 assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $33.49.
The stock has a market cap of $25.36 billion and a price-to-earnings ratio of 15.30. The stock’s 50-day moving average is $35.05 and its 200 day moving average is $29.10.
The company also recently declared an annual dividend, which was paid on Monday, July 18th. Investors of record on Monday, July 18th were issued a dividend of $0.012 per share. The ex-dividend date was Thursday, July 14th.
A number of hedge funds have recently added to or reduced their stakes in TTM. OppenheimerFunds Inc. purchased a new stake in Tata Motors during the fourth quarter valued at $21,478,000. Wells Fargo & Company MN boosted 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 in the last quarter. Finally, Sei Investments Co. boosted 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 in the last quarter.
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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