Tata Motors (NYSE:TTM) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Tata Motors (NYSE:TTMGet Rating) from a hold rating to a buy rating in a report published on Monday morning.

Tata Motors Trading Up 7.2 %

Shares of TTM stock opened at $30.58 on Monday. The business’s 50 day moving average is $27.15 and its two-hundred day moving average is $28.63. The company has a market cap of $18.89 billion, a PE ratio of -14.77 and a beta of 1.76. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 2.22. Tata Motors has a 12 month low of $18.48 and a 12 month high of $35.38.

Tata Motors (NYSE:TTMGet Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.40 billion. Tata Motors had a negative return on equity of 52.30% and a negative net margin of 4.18%. Equities analysts predict that Tata Motors will post 0.72 EPS for the current year.

Institutional Investors Weigh In On Tata Motors

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC lifted its position in Tata Motors by 14.1% in the second quarter. Lindbrook Capital LLC now owns 6,238 shares of the company’s stock worth $161,000 after purchasing an additional 770 shares during the period. Parallel Advisors LLC lifted its position in Tata Motors by 7.7% in the second quarter. Parallel Advisors LLC now owns 9,934 shares of the company’s stock worth $257,000 after purchasing an additional 707 shares during the period. US Bancorp DE lifted its position in Tata Motors by 4.9% in the second quarter. US Bancorp DE now owns 33,928 shares of the company’s stock worth $877,000 after purchasing an additional 1,580 shares during the period. SG Americas Securities LLC lifted its position in Tata Motors by 153.7% in the second quarter. SG Americas Securities LLC now owns 492,523 shares of the company’s stock worth $12,742,000 after purchasing an additional 298,415 shares during the period. Finally, National Bank of Canada FI lifted its position in Tata Motors by 1,572.4% in the second quarter. National Bank of Canada FI now owns 98,653 shares of the company’s stock worth $2,595,000 after purchasing an additional 92,754 shares during the period.

About Tata Motors

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Tata Motors Limited designs, develops, manufactures, and sells various automotive vehicles. The company offers passenger cars; sports utility vehicles; intermediate and light commercial vehicles; small, medium, and heavy commercial vehicles; defense vehicles; pickups, wingers, buses, and trucks; and electric vehicles, as well as related spare parts and accessories.

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