Zacks Investment Research upgraded shares of Tata Motors (NYSE:TTM) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “

Several other equities analysts also recently commented on the company. Bank of America downgraded Tata Motors from a buy rating to a neutral rating in a research report on Friday, February 8th. ValuEngine upgraded Tata Motors from a hold rating to a buy rating in a research report on Tuesday, November 13th. Finally, Nomura reiterated a neutral rating on shares of Tata Motors in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Tata Motors has an average rating of Hold.

Tata Motors stock opened at $12.91 on Wednesday. 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 stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 5.49, a PEG ratio of -4.19 and a beta of 1.51. Tata Motors has a 12 month low of $10.29 and a 12 month high of $27.87.

Tata Motors (NYSE:TTM) last posted its earnings results on Thursday, February 7th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.31). The firm had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $11.03 billion. Tata Motors had a negative net margin of 8.55% and a positive return on equity of 3.13%. On average, research analysts anticipate that Tata Motors will post 0.98 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC increased its stake in shares of Tata Motors by 251.0% in the fourth quarter. Hsbc Holdings PLC now owns 8,170,358 shares of the company’s stock valued at $99,516,000 after buying an additional 5,842,788 shares during the period. Renaissance Technologies LLC increased its stake in shares of Tata Motors by 14.6% in the third quarter. Renaissance Technologies LLC now owns 4,754,600 shares of the company’s stock valued at $73,031,000 after buying an additional 605,900 shares during the period. LMR Partners LLP acquired a new stake in shares of Tata Motors in the fourth quarter valued at about $45,987,000. BlackRock Inc. increased its stake in shares of Tata Motors by 10.7% in the third quarter. BlackRock Inc. now owns 3,013,445 shares of the company’s stock valued at $46,287,000 after buying an additional 291,506 shares during the period. Finally, Credit Suisse AG increased its stake in shares of Tata Motors by 65.2% in the third quarter. Credit Suisse AG now owns 1,454,967 shares of the company’s stock valued at $22,348,000 after buying an additional 574,254 shares during the period. 7.62% of the stock is owned by institutional investors.

Tata Motors Company Profile

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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Analyst Recommendations for Tata Motors (NYSE:TTM)

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