Somewhat Favorable News Coverage Somewhat Unlikely to Affect Tata Motors (TTM) Share Price
Headlines about Tata Motors (NYSE:TTM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tata Motors earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.3939778962769 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Sensex jumps 322 points, Nifty gains 1%; Cipla, Tata Motors, ITC, HUL top gainers (livemint.com)
- Tata Motors : announces appointment of new Chief Financial Officer (4-traders.com)
- Tata Motors appoints HUL’s P.B. Balaji as CFO (livemint.com)
- Tata Motors Q1 net rises 42% to Rs 3,182 cr on JLR’s pension plans (bsmotoring.com)
- HUL’s Balaji to join Tata Motors as CFO (thehindu.com)
Shares of Tata Motors (NYSE:TTM) traded up 2.00% during midday trading on Wednesday, reaching $30.05. 1,526,739 shares of the company traded hands. The stock has a 50 day moving average price of $33.78 and a 200 day moving average price of $34.99. The firm has a market capitalization of $20.41 billion, a PE ratio of 18.49 and a beta of 2.26. Tata Motors has a 1-year low of $29.20 and a 1-year high of $44.79.
Tata Motors (NYSE:TTM) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by $0.21. Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. The company had revenue of $9.30 billion for the quarter. Analysts expect that Tata Motors will post $1.84 earnings per share for the current fiscal year.
Several equities analysts have recently commented on TTM shares. BidaskClub raised shares of Tata Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Saturday, May 27th. Morgan Stanley downgraded shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. Finally, Sanford C. Bernstein cut shares of Tata Motors from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $45.00 to $30.00 in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.50.
In related news, Director Carlos Yong purchased 300,000 shares of Tata Motors stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average price of $0.30 per share, for a total transaction of $90,000.00.
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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