FY2019 EPS Estimates for Tata Motors Limited (TTM) Reduced by Analyst

Tata Motors Limited (NYSE:TTM) – Investment analysts at Jefferies Financial Group cut their FY2019 earnings per share (EPS) estimates for Tata Motors in a research note issued on Wednesday, October 31st. Jefferies Financial Group analyst A. Sen now forecasts that the company will post earnings per share of $1.24 for the year, down from their prior forecast of $2.47. Jefferies Financial Group also issued estimates for Tata Motors’ FY2020 earnings at $2.10 EPS.

Several other equities analysts have also issued reports on TTM. Zacks Investment Research lowered shares of Tata Motors from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd. HSBC lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Deutsche Bank lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, ValuEngine raised shares of Tata Motors from a “strong sell” rating to a “sell” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Shares of TTM stock opened at $12.76 on Monday. Tata Motors has a 12-month low of $11.35 and a 12-month high of $35.47. The firm has a market capitalization of $8.67 billion, a PE ratio of 5.43, a PEG ratio of 0.40 and a beta of 2.05. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.66.

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Tata Motors by 139.0% in the 2nd quarter. Signaturefd LLC now owns 5,467 shares of the company’s stock worth $107,000 after purchasing an additional 3,180 shares during the period. Azimuth Capital Management LLC boosted its stake in Tata Motors by 2.5% in the 2nd quarter. Azimuth Capital Management LLC now owns 145,920 shares of the company’s stock worth $2,853,000 after purchasing an additional 3,510 shares during the period. Commonwealth Equity Services LLC boosted its stake in Tata Motors by 24.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 24,509 shares of the company’s stock worth $479,000 after purchasing an additional 4,884 shares during the period. Morningstar Investment Services LLC boosted its stake in Tata Motors by 51.6% in the 2nd quarter. Morningstar Investment Services LLC now owns 16,273 shares of the company’s stock worth $318,000 after purchasing an additional 5,537 shares during the period. Finally, Thomas White International Ltd. boosted its stake in Tata Motors by 7.1% in the 2nd quarter. Thomas White International Ltd. now owns 138,341 shares of the company’s stock worth $2,705,000 after purchasing an additional 9,121 shares during the period. 7.63% of the stock is owned by institutional investors.

Tata Motors Company Profile

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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Earnings History and Estimates for Tata Motors (NYSE:TTM)

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