Somewhat Positive Press Coverage Somewhat Unlikely to Impact Tata Motors (TTM) Share Price
Media coverage about Tata Motors (NYSE:TTM) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tata Motors earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.8615610906451 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Sensex ends lower after consolidation; ICICI Bank, Tata Motors fall (domain-b.com)
- Book opens for buyer seeking $312 mln stake in India’s Tata Motors (nasdaq.com)
- Tata Sons ups stake in Tata Motors, Tata Chem, TGBL (dailypioneer.com)
- Chinese car company Chery eyes Indian markets; might get help from Tata Motors (businesstoday.in)
- Book opens for buyer seeking $312 million stake in Tata Motors (theweek.in)
Tata Motors (NYSE TTM) opened at 31.78 on Friday. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 19.50 and a beta of 2.29. The firm’s 50-day moving average is $30.84 and its 200 day moving average is $34.01. Tata Motors has a 12 month low of $28.97 and a 12 month high of $42.53.
Tata Motors (NYSE:TTM) last released its earnings results on Wednesday, August 9th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The company had revenue of $9.30 billion for the quarter. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. Equities analysts predict that Tata Motors will post $1.84 earnings per share for the current year.
Several research analysts have weighed in on the stock. ValuEngine lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Zacks Investment Research upgraded shares of Tata Motors from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Saturday, May 27th. BidaskClub upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.50.
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Tata Motors Company Profile
Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.
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