Zacks Upgrades Tata Motors to “Outperform” (TTM)

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Zacks upgraded shares of Tata Motors (NYSE:TTM) from a neutral rating to an outperform rating in a report issued on Thursday, Stock Ratings Network.com reports. They currently have $35.50 target price on the stock.

Zacks has also updated their ratings on a number of other consumer goods stocks in the last week. The firm upgraded shares of Streamline Health Solutions Inc. from an underperform rating to a neutral rating. The firm now has a $6.70 price target on that stock. Also, Zacks upgraded shares of EMCORE Co. from an underperform rating to a neutral rating. Zacks now has a $5.00 price target on that stock. Finally, Zacks upgraded shares of Chesapeake Granite Wash Trust from an underperform rating to a neutral rating. Zacks now has a $12.50 price target on that stock.

Shares of Tata Motors (NYSE:TTM) traded up 3.74% during mid-day trading on Thursday, hitting $32.20. The stock had a trading volume of 579,266 shares. Tata Motors has a 52-week low of $21.75 and a 52-week high of $32.89. The stock’s 50-day moving average is $29.67 and its 200-day moving average is $28.48. The company has a market cap of $20.544 billion and a P/E ratio of 10.70.

Tata Motors (NYSE:TTM) last issued its quarterly 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. On average, analysts predict that Tata Motors will post $3.75 earnings per share for the current fiscal year.

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. Analysts at Credit Agricole upgraded shares of Tata Motors from an outperform rating to a buy rating in a research note on Monday. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $33.25.

Tata Motors Limited (NYSE:TTM) is an automobile company.

To view Zacks’ full report, visit www.zacks.com

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