Tower International, Inc. (NYSE:TOWR) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other equities analysts have also commented on TOWR. FBR & Co restated an “outperform” rating and issued a $40.00 price objective on shares of Tower International in a research report on Monday, June 12th. ValuEngine lowered shares of Tower International from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Zacks Investment Research lowered shares of Tower International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 21st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $31.25.

Shares of Tower International (NYSE TOWR) traded up 1.49% during trading on Friday, hitting $23.80. 154,371 shares of the stock traded hands. The stock has a 50-day moving average of $22.92 and a 200 day moving average of $24.22. Tower International has a 1-year low of $20.85 and a 1-year high of $30.50. The company has a market cap of $488.40 million, a P/E ratio of 6.93 and a beta of 2.65.

Tower International (NYSE:TOWR) last issued its earnings results on Wednesday, July 26th. The auto parts company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The firm had revenue of $489.93 million during the quarter, compared to analyst estimates of $494.87 million. Tower International had a net margin of 3.76% and a return on equity of 33.20%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. On average, equities research analysts predict that Tower International will post $3.63 EPS for the current fiscal year.

WARNING: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/16/tower-international-inc-towr-upgraded-by-bidaskclub-to-hold.html.

Hedge funds have recently added to or reduced their stakes in the company. Bogle Investment Management L P DE bought a new position in shares of Tower International in the first quarter valued at approximately $2,662,000. SG Americas Securities LLC boosted its position in shares of Tower International by 32.7% in the first quarter. SG Americas Securities LLC now owns 5,944 shares of the auto parts company’s stock valued at $161,000 after acquiring an additional 1,464 shares during the period. Alambic Investment Management L.P. boosted its position in shares of Tower International by 10.2% in the first quarter. Alambic Investment Management L.P. now owns 34,500 shares of the auto parts company’s stock valued at $935,000 after acquiring an additional 3,200 shares during the period. First Quadrant L P CA bought a new position in shares of Tower International in the second quarter valued at approximately $951,000. Finally, Tudor Investment Corp ET AL boosted its position in shares of Tower International by 105.0% in the first quarter. Tudor Investment Corp ET AL now owns 20,400 shares of the auto parts company’s stock valued at $553,000 after acquiring an additional 10,450 shares during the period. Institutional investors own 88.68% of the company’s stock.

Tower International Company Profile

Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).

Receive News & Ratings for Tower International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.