Tata Motors (NYSE:TTM) Receives News Impact Rating of -0.01
News coverage about Tata Motors (NYSE:TTM) has been trending somewhat negative this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tata Motors earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.3239151391992 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Tata Motors Ltd Tata Motors Lim (NYSE:TTM) Experiences Heavy Trading Volume – First News 24 (firstnewspaper24.com)
- Tata Motors Ltd Tata Motors Lim (NYSE:TTM) Sees Heavy Trading Volume with 4502K Shares Changing Hands – Modern Readers (modernreaders.com)
- Jaguar Land Rover Weaker Profit Outlook Alarms Investors (finance.yahoo.com)
- Sanford C. Bernstein Lowers Tata Motors Ltd (NYSE:TTM) to Market Perform (americanbankingnews.com)
- Tata Motors, Skoda Auto, call off talks (currenthollywood.com)
A number of brokerages have issued reports on TTM. Zacks Investment Research downgraded Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Sanford C. Bernstein downgraded Tata Motors from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $45.00 to $30.00 in a research report on Friday. BidaskClub downgraded Tata Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Morgan Stanley downgraded Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday. Finally, ValuEngine downgraded Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $32.50.
Shares of Tata Motors (NYSE:TTM) traded up 0.03% during trading on Friday, reaching $29.40. The company’s stock had a trading volume of 1,980,257 shares. The firm has a market capitalization of $19.97 billion, a P/E ratio of 18.09 and a beta of 2.26. Tata Motors has a 52 week low of $29.20 and a 52 week high of $44.79. The company has a 50 day moving average price of $34.31 and a 200 day moving average price of $35.31.
Tata Motors (NYSE:TTM) last posted its earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.21. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. The company had revenue of $9.30 billion during the quarter. On average, equities research analysts expect that Tata Motors will post $1.84 EPS for the current fiscal year.
In other Tata Motors news, Director Carlos Yong purchased 300,000 shares of Tata Motors stock in a transaction on Tuesday, June 13th. The shares were bought at an average price of $0.30 per share, with a total value of $90,000.00.
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About Tata Motors
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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