Tata Motors Ltd (NYSE:TTM): On Friday heightened volatility was witnessed in Tata Motors Ltd (NYSE:TTM) which led to swings in the share price. The firm has a market cap of $55.51 billion and a PE ratio of 13.09. The 50-Day Moving Average price is $25.72 and the 200 Day Moving Average price is recorded at $32.57. Ford Motor Co.is up 6.81% in the last 3-month period.
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While the first half of 2015 wasn’t a particularly fruitful one for shares of Ford Motor Company (F) – for understandable reasons – a late-August low seems to have served as something of a capitulation for Ford stock.
Analysts expected quarterly earnings of 46 cents per share on revenue of $35.07 billion, according to Thomson Reuters.
The company shares have dropped -33.79% from its 1 Year high price. After-tax earnings per share was $0.45, excluding special items, up 21 cents from a year ago. On average, analysts forecast that General Motors Company will post $4.75 EPS for the current year.
Earnings easily outpaced the $835 million reported in the same quarter a year ago, when sales and profits in North America felt the short-term impact of an aggressive year of product launches. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 4.01%.
In related news, EVP John Fleming sold 91,576 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $13.80, for a total value of $1,263,748.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
A number of equities analysts have recently issued reports on the stock.
At present, Ford stock is trading in the red. Goldman Sachs upgraded Ford Motor Company from a neutral rating to a buy rating and raised their target price for the company from $18.00 to $19.00 in a research report on Tuesday, June 23rd. Following the purchase, the director now owns 14,000 shares in the company, valued at approximately $193,900. S&P Equity Research reissued a strong-buy rating on shares of Ford Motor Company in a research note on Friday, September 25th. The company presently has a consensus rating of Hold and a consensus price target of $40.16. The Company also provides automotive financing services through General Motors Financial Company, Inc. Automotive includes Ford North America, Ford South America, Ford Europe, and Ford Asia Pacific Africa region. The Company also sells trucks and cars to fleet customers, including daily rental vehicle businesses, commercial fleet customers, leasing companies and authorities.
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To view Vetr’s full report, visit Vetr’s official website.
