Zacks Upgrades Tata Motors to “Outperform” (TTM)

Share on StockTwits

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

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Keg Royalties Income Fund  Announces Monthly Dividend of C$0.08
Keg Royalties Income Fund Announces Monthly Dividend of C$0.08
The Hain Celestial Group  Set to Announce Earnings on Wednesday
The Hain Celestial Group Set to Announce Earnings on Wednesday
America Movil SAB de CV Sees Significant Decline in Short Interest
America Movil SAB de CV Sees Significant Decline in Short Interest
Short Interest in Matthews International Corp. Decreases By 29.1%
Short Interest in Matthews International Corp. Decreases By 29.1%
Investors Purchase Large Volume of Put Options on Sunesis Pharmaceuticals
Investors Purchase Large Volume of Put Options on Sunesis Pharmaceuticals
j2 Global VP Sells $87,047 in Stock
j2 Global VP Sells $87,047 in Stock


Leave a Reply

 
© 2006-2014 Mideast Time.