Automobiles are produced by Tata Motors Limited, which trades on the New York Stock Exchange under the ticker symbol TTM. The stock analysts at Jefferies Financial Group lowered their estimates for the earnings per share that Tata Motors will generate during the fiscal year 2024 in a research note published on January 4, 2019. N. Mangal, an analyst at Jefferies Financial Group, recently revised his forecast for the company’s earnings this year, bringing it down from the previous projection of $2.96 per share to the more conservative figure of $2.85 per share. The current projection for Tata Motors’ annual earnings is $(0.20) per share, which accounts for the entire year. According to projections provided by Jefferies Financial Group, Tata Motors will bring in earnings of $3.63 per share for the fiscal year 2025.
The most recent quarterly earnings report for the company Tata Motors was released on November 10, and the company’s stock symbol is TTM on the New York Stock Exchange. During the period covered by the report, the company reported losses equivalent to $0.15 per share (EPS). $9.99 billion was recorded as the company’s total revenue during the relevant period. Tata Motors had a return on equity in the red by 45.47 percent, and its net margin was also in the red by 2.78 percent.
TTM’s stock began trading for the first time on Thursday, and it did so for $23.16 per share. Tata Motors reached its all-time high of $35.08 during the company’s 52-week period, while its 52-week low was $22.06. At the moment, the ratio of debt to equity stands at 3.05. The current and quick ratios are both at 0.93, while the current ratio is at 0.68, and the quick ratio is at 0.68. The company has seen a moving average of $26.44 over the past 200 days, while the moving average for the last 50 days is $25.18.
During the past few months, various additional brokerages have expressed an interest in TTM. JPMorgan Chase & Co. changed their rating for Tata Motors from “overweight” to “neutral” after conducting research that was made available to the public on October 10. On Thursday, October 6, a report was released by the Goldman Sachs Group in which the company stated that it would begin covering Tata Motors. They assigned a ” neutral ” rating to the stock for their investment portfolio. Last, I want to mention that StockNews.com changed its rating for Tata Motors from “hold” to “buy” in a report published on Tuesday, November 15.
In the most recent few months, significant investors have been seen rebalancing their holdings within the company. During the third quarter, Advisors Asset Management Inc. increased the proportion of ownership of Tata Motors that it held by an additional 74.1 percent. Advisors Asset Management Inc. now has a total of 1,339 shares of the company’s stock worth $32,000 after purchasing an additional 570 shares during the most recent quarter. These shares were acquired through the purchase of additional shares. During the third quarter, approximately 32,000 dollars was forked over by Penserra Capital Management LLC to purchase a new stake in Tata Motors. Captrust Financial Advisors completed an increase in ownership of Tata Motors during the second quarter, bringing the total percentage of ownership to 87.4%. The most recent quarter saw Captrust Financial Advisors acquire an additional 612 shares of the company’s stock, bringing their total number of shares owned to 1,312, with a value of $34,000. This brings the total number of shares owned in the company to 1,312 owned by Captrust Financial Advisors. Quantbot Technologies LP achieved a 129.2% increase in the percentage of ownership it held in Tata Motors over the second quarter. Quantbot Technologies LP now has 1,788 shares, valued at $46,000, after purchasing an additional 1,008 shares during the most recent quarter.
Last but not least, during the third quarter, Guardian Wealth Advisors LLC spent approximately $49,000 to acquire a new position in Tata Motors. This investment should not be considered the least significant. A total of 3.93% of the total number of shares outstanding in the company are held by institutional investors.
Automobiles of varying makes and models are among Tata Motors Limited’s products for designing, developing, producing, and marketing. Along with selling electric vehicles, pickup trucks, wingers, buses, and small, medium, and large commercial vehicles, the company is also selling the replacement parts and accessories associated with these different kinds of vehicles. In addition, it deals in the sales of sport utility vehicles, passenger automobiles, light commercial vehicles, small, medium, and heavy commercial vehicles, and military vehicles.