Tata Motors (NYSE:TTM) Earns Buy Rating from Analysts at Citigroup

Citigroup started coverage on shares of Tata Motors (NYSE:TTM – Get Rating) in a research report report published on Tuesday, The Fly reports. The firm issued a buy rating on the stock.

A number of other brokerages have also issued reports on TTM. The Goldman Sachs Group initiated coverage on shares of Tata Motors in a report on Thursday, October 6th. They set a neutral rating for the company. StockNews.com raised shares of Tata Motors from a hold rating to a buy rating in a report on Tuesday, November 15th. Bank of America raised shares of Tata Motors from a neutral rating to a buy rating in a report on Monday, January 9th. Finally, JPMorgan Chase & Co. lowered shares of Tata Motors from an overweight rating to a neutral rating in a report on Monday, October 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy.

Tata Motors Stock Performance

Tata Motors has a one year low of $22.06 and a one year high of $34.50. The company has a market cap of $19.25 billion, a PE ratio of -17.46 and a beta of 1.71. The business’s 50 day moving average price is $24.80 and its 200 day moving average price is $26.30. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.68 and a current ratio of 0.93.

Tata Motors (NYSE:TTM – Get Rating) last released its earnings results on Thursday, November 10th. The company reported ($0.15) EPS for the quarter. Tata Motors had a negative return on equity of 45.47% and a negative net margin of 2.78%. The firm had revenue of $9.99 billion for the quarter. Sell-side analysts forecast that Tata Motors will post -0.19 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TTM. Advisors Asset Management Inc. grew its holdings in shares of Tata Motors by 74.1% in the third quarter. Advisors Asset Management Inc. now owns 1,339 shares of the company’s stock valued at $32,000 after purchasing an additional 570 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Tata Motors in the third quarter valued at $32,000. Captrust Financial Advisors boosted its stake in Tata Motors by 87.4% during the second quarter. Captrust Financial Advisors now owns 1,312 shares of the company’s stock worth $34,000 after buying an additional 612 shares during the period. Quantbot Technologies LP boosted its stake in Tata Motors by 129.2% during the second quarter. Quantbot Technologies LP now owns 1,788 shares of the company’s stock worth $46,000 after buying an additional 1,008 shares during the period. Finally, Guardian Wealth Advisors LLC purchased a new position in Tata Motors during the third quarter worth $49,000. 3.93% of the stock is owned by hedge funds and other institutional investors.

About Tata Motors

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Tata Motors Ltd. is an automobile manufacturer with a portfolio that includes a range of cars, utility vehicles, trucks, buses, and defense vehicles. It operates through the Automotive and Others segments. The Automotive segment includes all activities relating to the development, design, manufacture, assembly and sale of vehicles including vehicle financing, as well as sale of related parts and accessories.