Tata Motors Ltd (NYSE:TTM) was downgraded by investment analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, The Fly reports.

Several other analysts have also recently commented on TTM. Zacks Investment Research upgraded shares of Tata Motors from a “sell” rating to a “hold” rating and set a $39.00 price target on the stock in a research note on Saturday, April 15th. ValuEngine cut shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. BidaskClub cut shares of Tata Motors from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Morgan Stanley cut shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.50.

Tata Motors (TTM) opened at 29.39 on Friday. The company has a 50-day moving average price of $34.31 and a 200-day moving average price of $35.31. Tata Motors has a 1-year low of $29.23 and a 1-year high of $44.79. The company has a market cap of $19.96 billion, a PE ratio of 18.09 and a beta of 2.26.

Tata Motors (NYSE:TTM) last announced 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. The company had revenue of $9.30 billion during the quarter. Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. On average, analysts expect that Tata Motors will post $1.84 EPS for the current fiscal year.

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In other news, Director Carlos Yong purchased 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were bought at an average cost of $0.30 per share, for a total transaction of $90,000.00.

A number of institutional investors have recently modified their holdings of TTM. Daiwa SB Investments Ltd. increased its position in shares of Tata Motors by 31.8% in the first quarter. Daiwa SB Investments Ltd. now owns 2,900 shares of the company’s stock valued at $103,000 after buying an additional 700 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Tata Motors by 439.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock valued at $194,000 after buying an additional 4,404 shares during the last quarter. BB&T Corp purchased a new position in shares of Tata Motors during the first quarter valued at approximately $209,000. Stifel Financial Corp purchased a new position in shares of Tata Motors during the first quarter valued at approximately $209,000. Finally, Greenleaf Trust purchased a new position in shares of Tata Motors during the first quarter valued at approximately $211,000. Institutional investors own 13.27% of the company’s stock.

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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