Tata Motors (TTM) Rating Lowered to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Tata Motors (NYSE:TTM) from a buy rating to a hold rating in a research report released on Saturday.
According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “
Several other equities research analysts have also recently issued reports on TTM. ValuEngine upgraded Tata Motors from a hold rating to a buy rating in a report on Friday, December 1st. Jefferies Group started coverage on Tata Motors in a report on Monday, January 8th. They issued a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Tata Motors currently has an average rating of Hold and a consensus price target of $33.50.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nomura Holdings Inc. lifted its stake in Tata Motors by 0.5% in the 2nd quarter. Nomura Holdings Inc. now owns 63,129 shares of the company’s stock worth $2,084,000 after purchasing an additional 314 shares in the last quarter. Advisor Group Inc. lifted its stake in Tata Motors by 8.1% in the 2nd quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock worth $214,000 after purchasing an additional 542 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Tata Motors by 5.0% in the 3rd quarter. Macquarie Group Ltd. now owns 34,032 shares of the company’s stock worth $1,064,000 after purchasing an additional 1,620 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in Tata Motors by 8.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 21,555 shares of the company’s stock worth $674,000 after purchasing an additional 1,667 shares in the last quarter. Finally, Sit Investment Associates Inc. lifted its stake in Tata Motors by 20.6% in the 3rd quarter. Sit Investment Associates Inc. now owns 9,950 shares of the company’s stock worth $311,000 after purchasing an additional 1,700 shares in the last quarter. 10.87% of the stock is currently owned by institutional investors and hedge funds.
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Tata Motors Company Profile
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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