Titan International Inc (TWI) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Titan International Inc (NYSE:TWI) have received an average rating of “Buy” from the six brokerages that are presently covering the company. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $14.50.
Several research firms have commented on TWI. Zacks Investment Research upgraded Titan International from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, February 1st. Feltl & Co. restated a “buy” rating on shares of Titan International in a report on Thursday, March 16th. Jefferies Group LLC restated an “underperform” rating and issued a $14.00 price target (up previously from $11.50) on shares of Titan International in a report on Friday, April 14th. William Blair upgraded Titan International from a “market perform” rating to an “outperform” rating in a report on Friday, January 27th. Finally, Sidoti upgraded Titan International from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th.
A number of hedge funds have recently bought and sold shares of TWI. FMR LLC acquired a new stake in Titan International during the fourth quarter valued at approximately $3,443,000. Dimensional Fund Advisors LP boosted its stake in Titan International by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,281,067 shares of the industrial products company’s stock valued at $36,781,000 after buying an additional 527,385 shares during the period. State Street Corp boosted its stake in Titan International by 7.0% in the fourth quarter. State Street Corp now owns 968,171 shares of the industrial products company’s stock valued at $10,852,000 after buying an additional 62,930 shares during the period. Comerica Bank boosted its stake in Titan International by 5.2% in the fourth quarter. Comerica Bank now owns 46,408 shares of the industrial products company’s stock valued at $491,000 after buying an additional 2,310 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in Titan International during the fourth quarter valued at approximately $580,000. Institutional investors own 81.79% of the company’s stock.
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Shares of Titan International (NYSE:TWI) traded up 1.65% during midday trading on Monday, hitting $10.50. 51,139 shares of the company were exchanged. The company has a 50-day moving average price of $10.21 and a 200-day moving average price of $11.29. The stock’s market capitalization is $626.40 million. Titan International has a 52-week low of $5.76 and a 52-week high of $14.23.
Titan International (NYSE:TWI) last announced its earnings results on Thursday, May 4th. The industrial products company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.09. Titan International had a negative net margin of 6.86% and a negative return on equity of 12.49%. The firm had revenue of $357.50 million during the quarter, compared to analyst estimates of $332.14 million. During the same period in the previous year, the firm posted ($0.33) EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts forecast that Titan International will post ($0.08) EPS for the current year.
Titan International Company Profile
Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.
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