Tata Motors Ltd. (TTM) Hits New 1-Year High at $38.38
Shares of Tata Motors Ltd. (NYSE:TTM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.38 and last traded at $38.09, with a volume of 580,999 shares traded. The stock had previously closed at $37.83.
TTM has been the topic of several analyst reports. Zacks Investment Research raised Tata Motors from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Credit Suisse Group AG lowered Tata Motors from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.49.
The firm has a market capitalization of $24.97 billion and a price-to-earnings ratio of 15.13. The firm has a 50 day moving average of $35.70 and a 200 day moving average of $29.78.
The firm 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 of this dividend was Thursday, July 14th.
An institutional investor recently raised its position in Tata Motors stock. Wells Fargo & Company MN boosted its stake 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 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 at the end of the most recent reporting period.
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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