Tata Motors (NYSE:TTM) was downgraded by equities researchers at Deutsche Bank from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, MarketBeat Ratings reports.

TTM has been the topic of several other research reports. BNP Paribas cut Tata Motors from a “hold” rating to a “reduce” rating in a report on Tuesday, June 26th. Zacks Investment Research cut Tata Motors from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd. Finally, HSBC cut Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $37.00.

TTM opened at $12.37 on Thursday. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 5.29, a PEG ratio of 0.46 and a beta of 2.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.95 and a quick ratio of 0.66. Tata Motors has a 1-year low of $11.90 and a 1-year high of $35.47.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its stake in 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. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Tata Motors during the 2nd quarter valued at $235,000. Morningstar Investment Services LLC raised its stake in 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. PNC Financial Services Group Inc. raised its stake in Tata Motors by 77.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,792 shares of the company’s stock valued at $328,000 after purchasing an additional 5,601 shares during the period. Finally, Banco de Sabadell S.A acquired a new stake in Tata Motors during the 1st quarter valued at $349,000. 7.89% of the stock is currently owned by institutional investors.

Tata Motors Company Profile

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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Analyst Recommendations for Tata Motors (NYSE:TTM)

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