Insider Selling: William Cook Unloads 15,058 Shares of Tower International Stock (TOWR)
Tower International (NASDAQ:TOWR) SVP William Cook sold 15,058 shares of Tower International stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $21.50, for a total value of $323,747.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Tower International (NASDAQ:TOWR) from $24.00 to $25.00 in a research note to investors on Tuesday, July 23rd. They now have a “neutral” rating on the stock. Analysts at Zacks downgraded shares of Tower International (NASDAQ:TOWR) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, June 19th. They now have a $21.10 price target on the stock.
One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.70.
Shares of Tower International (NASDAQ:TOWR) traded up 3.94% on Tuesday, hitting $22.69. The stock had a trading volume of 203,059 shares. Tower International has a 52-week low of $6.00 and a 52-week high of $23.93. The stock has a 50-day moving average of $21.14 and a 200-day moving average of $18.06. The company’s market cap is $463.5 million.
Tower International (NASDAQ:TOWR) last released its earnings data on Monday, July 22nd. The company reported $1.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.43. The company had revenue of $556.00 million for the quarter, compared to the consensus estimate of $552.19 million. During the same quarter last year, the company posted $0.84 earnings per share. Tower International’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Tower International will post $1.93 earnings per share for the current fiscal year.
Tower International, Inc is an integrated global manufacturer of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers (NASDAQ:TOWR).
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