|Bid||11.24 x 1400|
|Ask||11.30 x 4000|
|Day's range||10.73 - 11.06|
|52-week range||10.49 - 34.40|
|Beta (3Y monthly)||1.77|
|PE ratio (TTM)||5.58|
|Forward dividend & yield||N/A (N/A)|
|1y target est||17.00|
S&P Global Ratings cut Tata Motors’s long-term rating deeper into junk on Tuesday, the second downgrade for the Indian automaker in five months, citing headwinds for Jaguar Land Rover in some of its key markets. Leverage for the Mumbai-based company may deteriorate over the next 12 to 18 months due to the weaker-than-expected performance of the European subsidiary, S&P said. Key InsightsJaguar Land Rover’s bond risk more than quadrupled this year as the automaker faces uncertainty in Europe over its diesel vehicles and Brexit as well as weaker demand in China.Tata Motors posted a larger-than-expected second-quarter loss and has said JLR will deliver cost and cash flow improvements of 2.5 billion pounds ($3.2 billion) over 18 months.Brexit will hurt Jaguar Land Rover’s profit margins, Raj Kothari, head of trading at Jay Capital Ltd. in London, said in a phone interview.
NEW YORK, Nov. 29, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
The new Evoque, which will be priced from 31,600 pounds ($41,000) in the U.K. and commence deliveries in the first months of 2019, will also be the Land Rover division’s first “mild-hybrid” model, using so-called regenerative braking to provide a power boost to the standard internal combustion engine. The launch provides a lift for Jaguar Land Rover following disappointing sales in China and a slump in U.K. demand that it has blamed on Brexit jitters and government moves to outlaw diesel engines. JLR announced 1,000 job cuts earlier this year, mainly at Solihull, central England, and said it would scale back output at Halewood, near Liverpool, where the new Evoque will be built.
Moody’s Investors Service is warning of more tough days ahead. Moody’s on Nov. 13 cut its rating on Jaguar, owned by India’s Tata Motors Ltd., to Ba3, three levels below investment grade. Tata Motors posted a larger-than-expected loss in the second quarter and announced a cost savings plan for Jaguar.
Sales in China, where the high-end market is still growing, tanked. JLR has long been a profit center for the whole company. Not only was JLR’s performance dismal, there were few indications of a brighter future.
BRATISLAVA, Slovakia (AP) — Jaguar Land Rover is opening a new, $1.6 billion plant in Slovakia, the luxury car maker's first in continental Europe.
NEW YORK, Oct. 19, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
HONG KONG, Oct 8, 2018 - (Media OutReach) - China Zhongwang Holdings Limited ("China Zhongwang" or the "Company", together with its subsidiaries the "Group", stock code: 01333), ...
Lack of clarity on trading regulations surrounding Britain's exit from the EU on Mar 29 has prompted automakers to analyze viable options to deal with the upcoming trade issues.
Does the share price for Tata Motors Limited (NSE:TATAMTRDVR) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value by taking the foreast future cash flows of theRead More...
For Jaguar Land Rover, the only way out of its deep pothole may be to get a tow from China. The luxury unit of Tata Motors Ltd. posted dismal fiscal first-quarter results Tuesday, recording an unexpected pretax loss of 264 million pounds ($346 million) after running into trouble in many of its main markets. JLR, usually the profit engine for Tata, effectively wiped out a sharp turnaround at the rest of the Indian company’s business.
Escalating trade tensions and Brexit are taking a toll on Jaguar Land Rover in the credit market, where the cost of insuring the company’s bonds has more than doubled this year. Jaguar Land Rover’s 2027 dollar bond has dropped about 10 cents on the dollar to 88.5 cents over that period, according to data compiled by Bloomberg. The company’s sales would be threatened if President Donald Trump follows through with tariffs on auto shipments to the U.S., Jaguar Land Rover’s fastest-growing market after China.
Tata Motors Ltd., the owner of Jaguar Land Rover, has restarted talks on the sale of a stake in its engineering unit just months after a deal with Warburg Pincus was called off, people with knowledge of the matter said. The carmaker has started preliminary discussions with a private equity firm that expressed interest in buying a stake in Singapore-headquartered Tata Technologies Ltd., according to the people, who asked not to be identified because the information is private. Tata Motors plans to use proceeds from the sale on capital expenditures for its domestic automotive business, one of the people said.