Tata Motors (NYSE:TTM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, StockRatingsNetwork reports. The firm currently has a $35.50 target price on the stock. Zacks‘ price target would indicate a potential upside of 10.01% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura upgraded shares of Tata Motors from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Analysts at Credit Agricole upgraded shares of Tata Motors from an “outperform” rating to a “buy” rating in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $33.25.
Shares of Tata Motors (NYSE:TTM) traded up 3.96% on Thursday, hitting $32.27. 2,041,769 shares of the company’s stock traded hands. Tata Motors has a 1-year low of $21.75 and a 1-year high of $32.89. The stock’s 50-day moving average is $29.73 and its 200-day moving average is $28.53. The company has a market cap of $20.589 billion and a P/E ratio of 10.70.
Tata Motors (NYSE:TTM) last released its earnings data on Monday, February 10th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.36. Analysts expect that Tata Motors will post $3.75 EPS for the current fiscal year.
Tata Motors Limited (NYSE:TTM) is an automobile company.
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