Tata Motors Limited (NYSE: TTM) is 8.78% higher on its value in year-to-date trading and has touched a low of $22.06 and a high of $34.50 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 $24.88 in the last trading session, with the day’s gains setting it 0.26% off its average median price target of $40.10 for the next 12 months. It is also 46.62% off the consensus price target high of $47.10 offered by 33 analysts, but current levels are -17.53% lower than the price target low of $21.39 for the same period.
Currently trading at $25.14, the stock is 5.11% and 0.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.59 million and changing 1.05% at the moment leaves the stock -5.63% off its SMA200. TTM registered -26.12% loss for a year compared to 6-month loss of -10.82%.
The stock witnessed a 1.53% gain in the last 1 month and extending the period to 3 months gives it a 6.62%, and is 0.92% 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 2.92% over the week and 2.21% over the month.
Tata Motors Limited (TTM) has around 73608 employees, a market worth around $17.85B and $32.07B in sales. Current P/E ratio is 7.03. Distance from 52-week low is 13.96% and -27.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.80%).
Tata Motors Limited (TTM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Tata Motors Limited (TTM) is a “Overweight”. 33 analysts offering their recommendations for the stock have an average rating of 2.00, where 4 rate it as a Hold and 2 think it is a “Overweight”. 22 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
Tata Motors Limited is expected to release its quarterly report on 05/30/2023.The EPS is expected to shrink by -19.20% this year.
Tata Motors Limited (TTM) Top Institutional Holders
The shares outstanding are 664.26M, and float is at 565.59M with Short Float at 0.42%.
Tata Motors Limited (TTM): Who are the competitors?
The company’s main competitors (and peers) include Toyota Motor Corporation (TM) that is trading -27.52% down over the past 12 months.