Tata Motors Limited (NYSE:TTM – Get Rating) – Stock analysts at Jefferies Financial Group cut their FY2024 earnings per share (EPS) estimates for shares of Tata Motors in a report released on Wednesday, November 9th. Jefferies Financial Group analyst N. Mangal now expects that the company will post earnings per share of $2.96 for the year, down from their prior forecast of $3.20. The consensus estimate for Tata Motors’ current full-year earnings is $0.53 per share. Jefferies Financial Group also issued estimates for Tata Motors’ FY2025 earnings at $3.75 EPS.
A number of other analysts have also recently weighed in on TTM. The Goldman Sachs Group assumed coverage on Tata Motors in a research report on Thursday, October 6th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. cut Tata Motors from an “overweight” rating to a “neutral” rating in a research report on Monday, October 10th. Finally, StockNews.com cut Tata Motors from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, Tata Motors currently has an average rating of “Hold”.
Tata Motors Stock Up 0.9 %
Tata Motors stock opened at $26.56 on Monday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.98 and a quick ratio of 0.75. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of -18.44 and a beta of 1.68. Tata Motors has a 1-year low of $22.92 and a 1-year high of $35.38. The business has a fifty day moving average price of $25.63 and a 200-day moving average price of $27.00.
Institutional Trading of Tata Motors
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Tata Motors by 58.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,089,880 shares of the company’s stock valued at $79,935,000 after buying an additional 1,141,575 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tata Motors by 68.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,383,137 shares of the company’s stock valued at $38,659,000 after buying an additional 561,552 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Tata Motors by 153.7% during the 2nd quarter. SG Americas Securities LLC now owns 492,523 shares of the company’s stock valued at $12,742,000 after buying an additional 298,415 shares during the last quarter. Prudential PLC raised its stake in shares of Tata Motors by 563.0% during the 2nd quarter. Prudential PLC now owns 293,858 shares of the company’s stock valued at $7,602,000 after buying an additional 249,535 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Tata Motors by 107.0% during the 2nd quarter. Millennium Management LLC now owns 348,763 shares of the company’s stock valued at $9,022,000 after buying an additional 180,260 shares during the last quarter. Institutional investors and hedge funds own 4.05% of the company’s stock.
Tata Motors Company Profile
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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