Titan International, Inc. (NYSE:TWI) has been given an average rating of “Hold” by the nine analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $14.50.

TWI has been the subject of several research reports. Zacks Investment Research upgraded shares of Titan International from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Friday, June 30th. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a research report on Friday, June 30th. BidaskClub cut shares of Titan International from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, ValuEngine cut shares of Titan International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Thrivent Financial For Lutherans increased its position in Titan International by 16.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 27,230 shares of the industrial products company’s stock valued at $282,000 after acquiring an additional 3,750 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Titan International by 10.2% in the 1st quarter. Prudential Financial Inc. now owns 118,945 shares of the industrial products company’s stock valued at $1,230,000 after purchasing an additional 11,033 shares during the last quarter. Comerica Bank boosted its stake in shares of Titan International by 4.3% in the 1st quarter. Comerica Bank now owns 48,382 shares of the industrial products company’s stock valued at $527,000 after purchasing an additional 1,974 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Titan International by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 41,010 shares of the industrial products company’s stock valued at $424,000 after purchasing an additional 6,189 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Titan International by 6.9% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 32,436 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 2,104 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Shares of Titan International (NYSE TWI) traded up 1.23% during mid-day trading on Friday, hitting $9.86. 621,391 shares of the stock were exchanged. The company’s 50-day moving average is $9.50 and its 200-day moving average is $10.75. The firm’s market cap is $588.65 million. Titan International has a 1-year low of $7.97 and a 1-year high of $14.23.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.18). The company had revenue of $364.40 million during the quarter, compared to analyst estimates of $352.13 million. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) EPS. Equities research analysts anticipate that Titan International will post ($0.26) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.20%. The ex-dividend date is Thursday, September 28th. Titan International’s payout ratio is presently -2.44%.

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.

Analyst Recommendations for Titan International (NYSE:TWI)

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