Tata Motors Ltd (NYSE:TTM) Stock Rating Lowered by Sanford C. Bernstein


Calamos Wealth Management Llc sold 32,054 shares as T (TMUS)'s stock rose 3.83%. A favorite tool among technical stock analysts is the moving average. Fisher Asset Management LLC raised its stake in Tata Motors by 0.7% in the first quarter. Wells Fargo & Company/mn owns 294,860 shares worth $9,733,000. Financial Counselors Inc. boosted its stake in Tata Motors by 1.9% in the second quarter. Out of 2 Wall Street analysts rating MarineMax, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". As per Monday, November 23, the company rating was downgraded by Goldman Sachs. 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. 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. Needham maintained Tata Motors Limited (ADR) (NYSE:TTM) rating on Thursday, August 6.

Trading was heavy with 4,502K shares changing hands on Friday. The company has a 50-day moving average of $34.47 and a 200-day moving average of $35.36.

The average 12 month target price among brokers that have covered the stock in the a year ago is $47. The company has market cap of $19.68 billion.

Tata Motors Limited (NYSE:TTM)'s earnings per share has been growing at a -15.42 percent rate over the past 5 year when average revenue increase was noted as 0 percent. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by $0.21. The value of the company's investment in Tata Motors Ltd Tata Motors Lim went from $13,350,000 to $10,038,000 a change of 24.8% quarter over quarter. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%.

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It has underperformed by 2.87% the S&P500.The move comes after 5 months positive chart setup for the $245.07 billion company. Chieftain Capital Management Inc. holds 21.87% of its portfolio in Commscope Holding Company Inc for 11.81 million shares.

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TTM has been the topic of several recent research reports. Finally, Morgan Stanley downgraded Tata Motors from an "overweight" rating to an "equal weight" rating in a research report on Thursday. On Friday, August 14 the stock rating was downgraded by Zacks to "Hold". Stifel Nicolaus upgraded the shares of TTM in report on Monday, August 10 to "Hold" rating. ValuEngine cut Tata Motors from a "buy" rating to a "hold" rating in a report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The consensus recommendation is the average rating on a stock by the analyst community.

In other news, Director Carlos Yong acquired 300,000 shares of the company's stock in a transaction that occurred on Tuesday, June 13th. $10.25's average target is -65.74% below currents $29.92 stock price.

The biggest institutional shareholders in Tata Motors Ltd include Wellington Management Company LLP which owns 7 million shares in the company valued at $259.23 million. Tata Motors Limited (TTM) a part of Consumer Goods sector and belongs to Auto Manufacturers - Major industry.