Jefferies Group Initiates Coverage on Tata Motors (TTM)

Jefferies Group assumed coverage on shares of Tata Motors (NYSE:TTM) in a report issued on Monday. The firm set a “buy” rating on the stock.

A number of other research analysts have also recently commented on TTM. ValuEngine raised Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised Tata Motors from a “sell” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Saturday, November 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.00.

Tata Motors (TTM) opened at $33.87 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.98 and a debt-to-equity ratio of 0.79. Tata Motors has a twelve month low of $28.97 and a twelve month high of $40.34. The company has a market capitalization of $21,690.00, a P/E ratio of 7.38, a P/E/G ratio of 0.25 and a beta of 2.22.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc purchased a new stake in shares of Tata Motors during the 3rd quarter worth approximately $100,000. MML Investors Services LLC raised its holdings in shares of Tata Motors by 7.3% during the 2nd quarter. MML Investors Services LLC now owns 6,460 shares of the company’s stock worth $213,000 after acquiring an additional 441 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Tata Motors during the 2nd quarter worth approximately $226,000. Advisor Group Inc. raised its holdings in shares of Tata Motors by 8.1% during the 2nd quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock worth $214,000 after acquiring an additional 542 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Tata Motors during the 3rd quarter worth approximately $231,000. 10.90% of the stock is currently owned by institutional investors.

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Tata Motors Company Profile

Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.

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