Analyst Ratings for Tata Motors Ltd. ADR (TTM)Updated: 2017-07-28
Analysts covering Tata Motors Ltd. ADR (NYSE:TTM) have given it a consensus rating of Overweight. TTM had previously received a consensus rating of Overweight a month ago.
Of the 41 analysts covering the stock, 26 gave it a buy rating, 6 gave an overweight rating, 5 issued a hold rating, 3 issued an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 4 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.
Investment analysts gave a few price targets for TTM. The most optimistic price target was 51.42, implying potential capital gains of 48.61 percent. The most pessimistic price target was 26.22, implying a possible loss of -24.22 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.71 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -2.97 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
The growth rate of TTM's earnings is estimated by analysts to be 149.06 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of TTM is 0.14.
In the last 52-weeks, TTM has achieved a high of 44.79 and a low of 31.71. The current market price is above the trailing year's low by 9.11 percent, and 22.75 percent below the high. TTM has a price/earnings ratio of 21.12. Investors typically compare the P/E ratio to a company's peers in the industry. The TTM value stock report compares TTM to some of its peers using value stock charts. The stock has a market capitalization of $22.15 billion. TTM is estimated to release their earnings results for the quarter on 0000-00-00, days from today.