Titan International Given Average Rating of “Hold” by Analysts (NYSE:TWI)
Titan International (NYSE:TWI) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, American Banking and Market News reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.67.
Shares of Titan International (NYSE:TWI) traded up 0.61% on Thursday, hitting $16.40. 22,312 shares of the company’s stock traded hands. Titan International has a 52-week low of $14.14 and a 52-week high of $25.15. The stock’s 50-day moving average is $17.81 and its 200-day moving average is $17.2. The company has a market cap of $878.8 million and a P/E ratio of 48.66.
Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.32. The company had revenue of $538.90 million for the quarter, compared to the consensus estimate of $600.10 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis. Analysts expect that Titan International will post $0.38 EPS for the current fiscal year.
In other Titan International news, major shareholder Mark Md Rachesky acquired 842,125 shares of the stock on the open market in a transaction dated Tuesday, April 29th. The stock was purchased at an average cost of $16.45 per share, with a total value of $13,852,956.25. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Titan International from a “neutral” rating to an “underperform” rating in a research note on Monday, April 28th. They now have a $15.70 price target on the stock. Separately, analysts at Oppenheimer cut their price target on shares of Titan International from $21.00 to $19.00 in a research note on Thursday, April 24th. They now have an “outperform” rating on the stock.
Titan International, Inc (NYSE:TWI) through its subsidiaries, is engaged in the manufacturing of wheels and tires.
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