Titan International, Inc. (NYSE:TWI)‘s stock had its “hold” rating restated by research analysts at Jefferies Group LLC in a report issued on Friday. They currently have a $10.50 price objective on the industrial products company’s stock. Jefferies Group LLC’s price target suggests a potential upside of 3.24% from the stock’s previous close. Jefferies Group also issued estimates for Titan International’s FY2018 earnings at $0.10 EPS and FY2019 earnings at $0.40 EPS.

Other analysts have also recently issued reports about the company. ValuEngine cut Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. BidaskClub raised Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.75.

Shares of Titan International (NYSE TWI) opened at 10.17 on Friday. The firm’s market capitalization is $607.15 million. The company’s 50 day moving average is $9.31 and its 200 day moving average is $10.54. Titan International has a 12-month low of $7.97 and a 12-month high of $14.23.

Titan International (NYSE:TWI) last posted its earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The business had revenue of $364.40 million for the quarter, compared to the consensus estimate of $352.13 million. During the same period in the previous year, the company posted ($0.04) earnings per share. Titan International’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts forecast that Titan International will post ($0.38) earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its position in Titan International by 94.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 4,597 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Titan International during the 2nd quarter worth approximately $125,000. Mason Street Advisors LLC boosted its position in Titan International by 17.7% during the 1st quarter. Mason Street Advisors LLC now owns 11,264 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 1,696 shares during the last quarter. Stifel Financial Corp boosted its position in Titan International by 0.9% during the 1st quarter. Stifel Financial Corp now owns 11,363 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 104 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its position in Titan International by 0.6% during the 2nd quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock worth $141,000 after acquiring an additional 66 shares during the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

About Titan International

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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