Tata Motors (TTM) Trading 5.6% Higher
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.
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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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