Shares of Tata Motors Limited (NYSE:TTM) traded up 5.6% on Monday . The stock traded as high as $13.50 and last traded at $13.10. 2,523,194 shares traded hands during trading, an increase of 52% from the average session volume of 1,658,694 shares. The stock had previously closed at $12.40.

Several analysts have weighed in on the company. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Saturday, April 13th. Deutsche Bank reaffirmed a “hold” rating on shares of Tata Motors in a research note on Tuesday, March 26th. Nomura reaffirmed a “neutral” rating on shares of Tata Motors in a research note on Friday, February 8th. Finally, Bank of America downgraded Tata Motors from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.00.

The company has a quick ratio of 0.55, a current ratio of 0.92 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $8.42 billion, a P/E ratio of 5.57, a price-to-earnings-growth ratio of -2.70 and a beta of 1.61.

Institutional investors and hedge funds have recently bought and sold shares of the company. Balentine LLC raised its stake in shares of Tata Motors by 59.9% in the 1st quarter. Balentine LLC now owns 2,144 shares of the company’s stock worth $27,000 after buying an additional 803 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Tata Motors by 137.5% in the 1st quarter. Cornerstone Advisors Inc. now owns 2,520 shares of the company’s stock worth $32,000 after buying an additional 1,459 shares in the last quarter. Lindbrook Capital LLC acquired a new position in shares of Tata Motors in the 4th quarter worth $32,000. Westside Investment Management Inc. grew its holdings in shares of Tata Motors by 1,450.0% in the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock worth $38,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in shares of Tata Motors in the 1st quarter worth $46,000. 7.51% of the stock is currently owned by institutional investors.

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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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