Tata Motors Limited (NYSE:TTM) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company.
A number of equities analysts have issued reports on the company. ValuEngine upgraded Tata Motors from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Zacks Investment Research cut Tata Motors from a “hold” rating to a “strong sell” rating in a report on Tuesday. Deutsche Bank cut Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, HSBC cut Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th.
Several institutional investors have recently made changes to their positions in TTM. Dimensional Fund Advisors LP increased its holdings in shares of Tata Motors by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 603,789 shares of the company’s stock valued at $15,517,000 after purchasing an additional 11,170 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Tata Motors in the second quarter valued at approximately $9,341,000. Nikko Asset Management Americas Inc. acquired a new stake in shares of Tata Motors in the second quarter valued at approximately $6,092,000. Acadian Asset Management LLC acquired a new stake in shares of Tata Motors in the second quarter valued at approximately $7,101,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Tata Motors by 100.8% in the second quarter. BNP Paribas Arbitrage SA now owns 771,855 shares of the company’s stock valued at $15,090,000 after purchasing an additional 387,499 shares during the last quarter. 7.14% of the stock is owned by institutional investors and hedge funds.
About Tata Motors
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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