Tower International Now Covered by FBR Capital Markets (TOWR)
Stock analysts at FBR Capital Markets assumed coverage on shares of Tower International (NASDAQ:TOWR) in a report issued on Friday, Analyst Ratings Net reports. The firm set an “outperform” rating and a $28.00 price target on the stock. FBR Capital Markets’ price objective would suggest a potential upside of 18.34% from the stock’s previous close.
Tower International (NASDAQ:TOWR) opened at 23.66 on Friday. Tower International has a one year low of $9.03 and a one year high of $23.93. The stock’s 50-day moving average is $21.40 and its 200-day moving average is $21.04. The company’s market cap is $484.3 million.
Tower International (NASDAQ:TOWR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.22. The company had revenue of $495.00 million for the quarter, compared to the consensus estimate of $506.23 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that Tower International will post $2.24 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TOWR. Analysts at Zacks downgraded shares of Tower International from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $23.90 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Tower International presently has an average rating of “Hold” and a consensus target price of $24.73.
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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