Tata Motors (NYSE:TTM) Earning Somewhat Positive News Coverage, Study Finds

News coverage about Tata Motors (NYSE:TTM) has been trending somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tata Motors earned a news sentiment score of 1.64 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next several days.

Several brokerages have recently commented on TTM. Zacks Investment Research upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. ValuEngine downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Deutsche Bank restated a “hold” rating on shares of Tata Motors in a research note on Tuesday, March 26th. Nomura restated a “neutral” rating on shares of Tata Motors in a research note on Friday, February 8th. Finally, Bank of America downgraded shares of Tata Motors from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Tata Motors presently has a consensus rating of “Hold” and a consensus target price of $17.00.

NYSE:TTM traded down $0.64 on Wednesday, hitting $15.84. 2,110,238 shares of the stock were exchanged, compared to its average volume of 1,701,958. The stock has a market capitalization of $11.25 billion, a P/E ratio of 6.74, a P/E/G ratio of -3.52 and a beta of 1.51. Tata Motors has a 52 week low of $10.29 and a 52 week high of $25.85. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 0.75.

Tata Motors (NYSE:TTM) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.31). The firm had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $11.03 billion. Tata Motors had a positive return on equity of 3.13% and a negative net margin of 8.55%. As a group, equities analysts predict that Tata Motors will post 0.98 EPS for the current year.

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About Tata Motors

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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