Look At Analyst Expectations For A Better Read On Tata Motors Limited (NYSE: TTM)


SSgA Funds Management, Inc. recently announced the acquisition of new stake in Tata Motors Limited (NYSE:TTM). The institutional investor has increased its shareholding in the Consumer Cyclical company by 3.91% to 3.38 million shares with purchase of 0.13 million shares. This fresh investment now brings its stake to 0.55% valued currently at $23.05 million. In addition, BNP Paribas Arbitrage SNC raised its holdings by 22829.0 to 2.39 million shares. And Parametric Portfolio Associates L.. has lifted its position by 48.72% or 0.69 million shares – to 2.1 million shares.

With over 1.73 million Tata Motors Limited (TTM) shares trading Tuesday and a closing price of $8.67 on the day, the dollar volume was approximately $15.02 million. The shares have shown a positive weekly performance of 3.34% and its price on 08/25/20 gained nearly 5.22%. Currently, there are 719.49M common shares owned by the public and among those 421.36M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 32 analysts who have offered their price forecasts for TTM have a consensus price objective of $7.43. The analysts have set the share’s price value over the next 12 months at a high of $10.16 and a low of $3.96 should the stock experience a downside. Incidentally, analysts’ outlook for the Tata Motors Limited stock is 3.50 for the next 12 months. The average price target is -50.78% below its last price level and a downside to the estimated low will see the stock lose -118.94% over that period. But an upside of 14.67% will see the stock hit the forecast high price target while mean target price for the stock is $7.56.

The top 3 mutual fund holders in Tata Motors Limited are CREF Stock Account, First Trust Chindia ETF, and Delaware Emerging Markets Fund. CREF Stock Account owns 0.98 million shares of the company’s stock, all valued at over $6.68 million. Delaware Emerging Markets Fund now owns shares totaling to 0.11% of the shares outstanding.

Shares of Tata Motors Limited (NYSE: TTM) opened at $8.51, up $0.27 from a prior closing price of $8.24. However, the script later closed the day at $8.67, up 5.22%. The company’s stock has a 5-day price change of 3.34% and 49.23% over the past three months. TTM shares are trading -32.95% year to date (YTD), with the 12-month market performance up to 10.45% higher. It has a 12-month low price of $3.92 and touched a high of $14.03 over the same period. Currently, 1.73 million shares have been traded, compared to an average intraday trading volume of 2.39 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.76%, 18.87%, and 1.40% respectively.

Institutional ownership of Tata Motors Limited (NYSE: TTM) shares accounts for 6.60% of the company’s 719.49M shares outstanding. Mutual fund holders own 1.24%, while other institutional holders and individual stakeholders account for 4.45% and — respectively.

It has a market capitalization of $6.24B. The stock’s trailing 12-month PE ratio is 4.48, while the earnings-per-share (ttm) stands at $1.94. The company has a PEG of 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.68% over the week and 2.49% over the month.

Analysts forecast that Tata Motors Limited (TTM) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should grow at an annualized rate of 6.90% over the next five years, compared to -41.24% over the past 5-year period.

Looking at the support for the TTM, a number of firms have released research notes about the stock. UBS stated their Sell rating for the stock in a research note on August 17, 2020, with the firm’s price target at. Goldman coverage for the Tata Motors Limited (TTM) stock in a research note released on June 25, 2020 offered a Sell rating with a price target of. CLSA was of a view on May 11, 2020 that the stock is Underperform, while UBS gave the stock Buy rating on January 27, 2020, issuing a price target of. Nomura on their part issued Neutral rating on October 29, 2019.


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