216 institutions hold shares in Tata Motors Limited (TTM), with institutional investors hold 5.60% of the company’s shares. The shares outstanding are 719.49M, and float is at 412.45M with Short Float at 2.16%. Institutions hold 5.60% of the Float.
The top institutional shareholder in the company is Baillie Gifford and Company with over 6.85 million shares valued at $86.31 million. The investor’s holdings represent 1.03% of the TTM Shares outstanding. As of Dec 30, 2020, the second largest holder is Morgan Stanley with 2.97 million shares valued at $37.42 million to account for 0.45% of the shares outstanding. The other top investors are State Street Corporation which holds 2.73 million shares representing 0.41% and valued at over $34.35 million, while Blackrock Inc. holds 0.29% of the shares totaling 1.93 million with a market value of $24.33 million.
Tata Motors Limited (NYSE: TTM) is 62.14% higher on its value in year-to-date trading and has touched a low of $5.01 and a high of $23.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TTM stock was last observed hovering at around $20.23 in the last trading session, with the day’s gains setting it 0.2% off its average median price target of $24.08 for the next 12 months. It is also 34.29% off the consensus price target high of $31.09 offered by 31 analysts, but current levels are -86.41% lower than the price target low of $10.96 for the same period.
Currently trading at $20.43, the stock is 1.24% and -3.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 0.99% at the moment leaves the stock 48.22% off its SMA200. TTM registered 302.17% gain for a year compared to 6-month gain of 125.50%. The firm has a 50-day simple moving average (SMA 50) of $20.56 and a 200-day simple moving average (SMA200) of $16.23.
The stock witnessed a 0.29% loss in the last 1 month and extending the period to 3 months gives it a 14.65%, and is 4.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 1.89% over the month.
Tata Motors Limited (TTM) has around 78906 employees, a market worth around $14.70B and $2242.72B in sales. Distance from 52-week low is 307.78% and -13.80% from its 52-week high.
Tata Motors Limited (TTM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Tata Motors Limited (TTM) is a “Overweight”. 31 analysts offering their recommendations for the stock have an average rating of 4.00, where 5 rate it as a Hold and 2 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 7 analysts have rated the stock as a Sell or Underperform.
Tata Motors Limited is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at $0..
Tata Motors Limited (TTM): Who are the competitors?
The company’s main competitors (and peers) include Toyota Motor Corporation (TM) that is trading 22.13% up over the past 12 months. Short interest in the company’s stock has fallen -29.78% from the last report on Apr 14, 2021 to stand at a total of 8.89 million short shares sold with a short interest ratio of 6.52.