Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Tata Motors (TTM) Stock Price
Media stories about Tata Motors (NYSE:TTM) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tata Motors earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.6913249674355 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- BRIEF-Tata Motors seeks shareholders’ nod for for proposed scheme of merger and arrangement between TML Drivelines and co (reuters.com)
- New Gold Inc. (NGD) noted a price change of -2.51% and Tata Motors Limited (TTM) – Stocks Gallery (stocksgallery.com)
- Technical Indicators should not be overlooked on Tata Motors Limited (TTM) – Wall Street Morning (wallstreetmorning.com)
- Tata Motors Wins Contract For 10,000 EV Order In India – Video (insideevs.com)
- 10,000 Electric Cars Highlight Steep Path to India’s Ambitions (finance.yahoo.com)
Tata Motors (NYSE:TTM) opened at 32.79 on Friday. The company has a market cap of $22.27 billion, a PE ratio of 20.18 and a beta of 2.23. The firm has a 50 day moving average price of $31.11 and a 200 day moving average price of $33.53. Tata Motors has a 12-month low of $28.97 and a 12-month high of $41.50.
Tata Motors (NYSE:TTM) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. The business had revenue of $9.30 billion during the quarter. On average, analysts anticipate that Tata Motors will post $1.84 earnings per share for the current fiscal year.
Several research firms have issued reports on TTM. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, July 13th. BidaskClub raised Tata Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley cut Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. Stifel Nicolaus raised Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Finally, Sanford C. Bernstein cut Tata Motors from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $45.00 to $30.00 in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $32.50.
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.
Receive News & Ratings for Tata Motors Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tata Motors Ltd and related companies with MarketBeat.com's FREE daily email newsletter.