Tata Motors Limited (NYSE:TTM) gapped down prior to trading on Monday . The stock had previously closed at $15.80, but opened at $16.55. Tata Motors shares last traded at $16.36, with a volume of 60197 shares trading hands.

Several research firms have weighed in on TTM. Zacks Investment Research cut shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. BNP Paribas cut shares of Tata Motors from a “hold” rating to a “reduce” rating in a research report on Tuesday, June 26th. Finally, ValuEngine cut shares of Tata Motors from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $37.00.

The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $11.64 billion, a P/E ratio of 7.02, a P/E/G ratio of 0.51 and a beta of 2.12.

Tata Motors (NYSE:TTM) last issued its quarterly earnings results on Wednesday, August 1st. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.85). Tata Motors had a return on equity of 12.39% and a net margin of 1.32%. The business had revenue of $10.06 billion for the quarter, compared to analyst estimates of $10.69 billion. equities research analysts expect that Tata Motors Limited will post 2.62 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Morgan Stanley grew its position in shares of Tata Motors by 6.8% during the 2nd quarter. Morgan Stanley now owns 4,327,916 shares of the company’s stock worth $84,611,000 after buying an additional 274,870 shares during the period. Renaissance Technologies LLC grew its position in shares of Tata Motors by 24.5% during the 2nd quarter. Renaissance Technologies LLC now owns 4,148,700 shares of the company’s stock worth $81,107,000 after buying an additional 817,000 shares during the period. BlackRock Inc. boosted its stake in Tata Motors by 16.6% during the 1st quarter. BlackRock Inc. now owns 3,966,599 shares of the company’s stock worth $101,941,000 after acquiring an additional 564,793 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Tata Motors by 3.8% during the 1st quarter. Hsbc Holdings PLC now owns 1,734,321 shares of the company’s stock worth $44,571,000 after acquiring an additional 64,242 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Tata Motors by 503.4% during the 1st quarter. Millennium Management LLC now owns 1,308,312 shares of the company’s stock worth $33,624,000 after acquiring an additional 1,091,497 shares during the last quarter. Institutional investors own 7.89% of the company’s stock.

About Tata Motors (NYSE:TTM)

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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