Tata Motors Ltd. (TTM) Stock Price Up 1.7%
Tata Motors Ltd. (NYSE:TTM) rose 1.7% during trading on Friday . The company traded as high as $39.00 and last traded at $38.58, with a volume of 1,026,380 shares changing hands. The stock had previously closed at $37.93.
TTM has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Tata Motors from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 18th. Credit Suisse Group AG downgraded 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 company. The stock currently has a consensus rating of “Hold” and an average price target of $33.49.
The firm has a market capitalization of $26.32 billion and a P/E ratio of 15.89. The stock 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 raised 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. 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 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.
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