Hanson & Doremus Investment Management Cuts Position in Tata Motors Ltd (NYSE:TTM)

Joanna Estrada
August 11, 2017

Calamos Wealth Management Llc sold 32,054 shares as T (TMUS)'s stock rose 3.83%. Daiwa SB Investments Ltd. increased its position in shares of Tata Motors by 31.8% in the first quarter. FMR LLC raised its stake in shares of Tata Motors by 16.5% in the fourth quarter. With a change of -3.8 (-1.72%) points from the previous trade, one stock of Tata Motors (DVR) was observed to be priced at Rs. 217.65 as last checked on Aug 11, 09:57 A.M. The volume weighted average price (vwap) was Rs.216.05 and the bid-ask spread was -0.1 points. Cambiar Investors LLC now owns 5,392,413 shares of the company's stock valued at $178,004,000 after buying an additional 261,769 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Tata Motors by 439.5% in the first quarter. Financial Counselors Inc. now owns 10,372 shares of the company's stock worth $342,000 after buying an additional 193 shares during the period. BB&T Corp bought a new stake in Tata Motors during the first quarter worth approximately $209,000. It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value. Needham maintained Tata Motors Limited (ADR) (NYSE:TTM) on Thursday, August 6 with "Buy" rating. The stock's 50 day moving average is $34.47 and its 200-day moving average is $35.36.

After managing to touch a high of Rs.223.40 and falling as low as Rs.213.10 through the day, one stock of Tata Motors (DVR) was observed to be priced at Rs.222.55. The stock has a market cap of $21.39 billion, a PE ratio of 22.42 and a beta of 2.26.

Tata Motors Ltd (NYSE:TTM) posted its earnings results on Wednesday.

The share price of the company (NYSE:TTM) was down -6.70%, with a high of 30.40 during the day and the volume of Tata Motors Ltd shares traded was 1100. The firm had revenue of $9.30 billion during the quarter. Tata Motors had a net margin of 2.84% and a return on equity of 33.00%.

Tata Motors (TTM) opened at 29.39 on Friday. If you are reading this report on another website, it was illegally stolen and reposted in violation of USA & global copyright and trademark laws. The original version of this piece can be viewed at https://rinconhillneighbors.org/2017/08/08/tata-motors-ltd-nysettm-set-to-announce-earnings-on-wednesday.html.

TTM has been the subject of a number of analyst reports.

Morgan Stanley decreased their rating for shares of Tata Motors Ltd Tata Motors Limited (NYSE:TTM) from Overweight to Equal-Weight in a report that was published on 10 August. Credit Suisse downgraded the stock to "Neutral" rating in Monday, June 27 report.

According to the the latest analyst ratings which have been released, 2 brokers have issued a rating of "buy", 0 brokers "outperform", 0 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". The stock presently has a consensus rating of "Hold" and a consensus target price of $43.50.

In other Tata Motors news, Director Carlos Yong purchased 300,000 shares of Tata Motors stock in a transaction on Tuesday, June 13th.

If we give momentary look over stock price target, the analysts were fairly in stock's favor assigning high price target of Sell and average price target of "1" Analyst and current price is Consensus.

Tata Motors Limited (NYSE:TTM) belongs to Consumer Goods sector, other than individual factors many other macro and micro factors also effects whole sector and industries. The Firm 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.

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