Tata Motors Limited (NYSE:TTM) shares reached a new 52-week low on Thursday . The stock traded as low as $11.90 and last traded at $12.17, with a volume of 148545 shares traded. The stock had previously closed at $12.18.

Several research analysts have weighed in on TTM shares. Deutsche Bank downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday. HSBC downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday. BNP Paribas downgraded shares of Tata Motors from a “hold” rating to a “reduce” rating in a research report on Tuesday, June 26th. Finally, Zacks Investment Research downgraded shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Tata Motors has a consensus rating of “Hold” and an average target price of $37.00.

The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.66 and a current ratio of 0.95. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 5.26, a P/E/G ratio of 0.46 and a beta of 2.08.

Tata Motors (NYSE:TTM) last released its quarterly earnings results on Wednesday, August 1st. The company reported ($0.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.85). Tata Motors had a return on equity of 12.39% and a net margin of 1.32%. The business had revenue of $10.06 billion during the quarter, compared to the consensus estimate of $10.69 billion. Equities analysts expect that Tata Motors Limited will post 2.62 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. BB&T Securities LLC raised its position in shares of Tata Motors by 11.7% during the 1st quarter. BB&T Securities LLC now owns 20,676 shares of the company’s stock valued at $531,000 after purchasing an additional 2,162 shares during the period. Signaturefd LLC raised its position in shares of Tata Motors by 139.0% during the 2nd quarter. Signaturefd LLC now owns 5,467 shares of the company’s stock valued at $107,000 after purchasing an additional 3,180 shares during the period. Azimuth Capital Management LLC raised its position in shares of Tata Motors by 2.5% during the 2nd quarter. Azimuth Capital Management LLC now owns 145,920 shares of the company’s stock valued at $2,853,000 after purchasing an additional 3,510 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Tata Motors by 24.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 24,509 shares of the company’s stock valued at $479,000 after purchasing an additional 4,884 shares during the period. Finally, Morningstar Investment Services LLC raised its position in shares of Tata Motors by 51.6% during the 2nd quarter. Morningstar Investment Services LLC now owns 16,273 shares of the company’s stock valued at $318,000 after purchasing an additional 5,537 shares during the period. Hedge funds and other institutional investors own 7.89% of the company’s stock.

Tata Motors Company Profile (NYSE:TTM)

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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