Jefferies Group initiated coverage on shares of Tata Motors (NYSE:TTM) in a research report released on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating on the stock. Jefferies Group also issued estimates for Tata Motors’ FY2018 earnings at $3.97 EPS, FY2019 earnings at $4.41 EPS and FY2020 earnings at $4.74 EPS.

Several other research analysts also recently commented on the stock. ValuEngine upgraded shares of Tata Motors from a hold rating to a buy rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Tata Motors from a sell rating to a buy rating and set a $36.00 price objective for the company in a research report on Saturday, November 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $33.00.

Tata Motors (TTM) opened at $34.29 on Monday. Tata Motors has a 1 year low of $28.97 and a 1 year high of $40.34. The company has a market cap of $22,030.00, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 0.25 and a beta of 2.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.98.

Several large investors have recently made changes to their positions in TTM. NEXT Financial Group Inc bought a new stake in shares of Tata Motors in the third quarter worth $100,000. MML Investors Services LLC grew its stake in shares of Tata Motors by 7.3% in the second quarter. MML Investors Services LLC now owns 6,460 shares of the company’s stock worth $213,000 after purchasing an additional 441 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Tata Motors by 8.1% in the second quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock worth $214,000 after purchasing an additional 542 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Tata Motors in the second quarter worth $226,000. Finally, Banque Pictet & Cie SA grew its stake in shares of Tata Motors by 205.9% in the third quarter. Banque Pictet & Cie SA now owns 37,515 shares of the company’s stock worth $231,000 after purchasing an additional 25,250 shares during the last quarter. Institutional investors own 10.90% of the company’s stock.

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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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