State Street Corp Acquires 4248 Shares of Tata Motors Ltd (NYSE:TTM)

Tata Motors
Tata Motors Ltd (NYSE:TTM) Set to Announce Earnings on Wednesday
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11 August, 2017

Calamos Wealth Management Llc sold 32,054 shares as T (TMUS)'s stock rose 3.83%.

Moving ahead and check, how analysts are seeing this stock in term of rating and estimates.

Institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB increased its stake in Tata Motors by 47.8% in the first quarter. The volume of 2.34 Million shares climbed up over an trading activity of 1.14 Million shares. Finally, Financial Counselors Inc. increased its stake in Tata Motors by 1.9% in the second quarter. Guggenheim Capital LLC raised its stake in shares of Tata Motors by 23.7% in the fourth quarter. For institutional shareholders who wish to sell a large number of shares of a certain stock, lower liquidity will force them to sell the stock slowly over a longer period of time, to avoid losses because of slippage. PNC Financial Services Group Inc. boosted its stake in Tata Motors by 439.5% in the first quarter. Coronation Fund Managers Ltd. now owns 5,494,847 shares of the company's stock worth $181,385,000 after buying an additional 421,696 shares during the last quarter. It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value.

Analysts await Tata Motors Ltd (NASDAQ:TTM) to report earnings on Aug, 09 for the fiscal quarter ending Jun 2017. The company has a market cap of $19.96 billion, a PE ratio of 18.09 and a beta of 2.26. Accern also gave media headlines about the company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. The company had revenue of $9.30 billion for the quarter.

After touching a maximum of Rs. 231.10 which was 2.35 points more than the opening price, Tata Motors (DVR) closed at Rs. 221.45 yesterday. Equities analysts anticipate that Tata Motors Ltd will post $1.84 earnings per share for the current year.

WARNING: "Tata Motors (NYSE:TTM) Receives Coverage Optimism Rating of 0.09" was first reported by BBNS and is the property of of BBNS. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & worldwide trademark and copyright legislation. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/08/11/tata-motors-ltd-nysettm-stock-rating-lowered-by-sanford-c-bernstein.html. TTM Tech had 11 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Friday, August 14 by Zacks. BidaskClub cut shares of Tata Motors from a "hold" rating to a "sell" rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of "Buy" and a consensus price target of $43.50.

In other Tata Motors news, Director Carlos Yong acquired 300,000 shares of Tata Motors stock in a transaction that occurred on Tuesday, June 13th. The stock tapped a 52-week high of US$30.05 while the mean 12-month price target for the shares is US$27.57.

Tata Motors Limited (NYSE:TTM) belongs to Consumer Goods sector, other than individual factors many other macro and micro factors also effects whole sector and industries.

Tata Motors Ltd (TTM) now has P/E (Price to Earnings) ratio of 7.55 while the company's industry has 16.06 P/E and the sector P/E is 19.73.


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