Tata Motors Limited (NYSE:TTM) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $30.00.

TTM has been the subject of a number of recent research reports. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Saturday, January 20th. Jefferies Group assumed coverage on Tata Motors in a research note on Monday, January 8th. They set a “buy” rating for the company. Finally, ValuEngine raised Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC increased its position in shares of Tata Motors by 2.3% during the fourth quarter. Lazard Asset Management LLC now owns 2,422,230 shares of the company’s stock worth $80,102,000 after acquiring an additional 53,851 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Tata Motors by 34.5% during the fourth quarter. Allianz Asset Management GmbH now owns 240,458 shares of the company’s stock worth $7,952,000 after acquiring an additional 61,670 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Tata Motors during the fourth quarter worth about $351,000. NINE MASTS CAPITAL Ltd increased its position in shares of Tata Motors by 3.9% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 858,700 shares of the company’s stock worth $29,187,000 after acquiring an additional 32,200 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. increased its position in shares of Tata Motors by 4.9% during the fourth quarter. Bbva Compass Bancshares Inc. now owns 48,993 shares of the company’s stock worth $1,620,000 after acquiring an additional 2,285 shares during the last quarter. 10.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tata Motors (TTM) traded down $0.12 during midday trading on Friday, hitting $28.55. The company had a trading volume of 265,465 shares, compared to its average volume of 1,555,679. The firm has a market cap of $18,230.00, a PE ratio of 6.31, a PEG ratio of 0.19 and a beta of 2.16. The company has a current ratio of 0.98, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. Tata Motors has a 1 year low of $27.58 and a 1 year high of $37.62.

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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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