Shares of Titan International, Inc. (NYSE:TWI) have been given an average rating of “Hold” by the nine research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.75.

Several equities analysts recently commented on TWI shares. BidaskClub raised shares of Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and issued a $10.50 price objective on shares of Titan International in a research note on Friday, October 6th. ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Zacks Investment Research downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.

TRADEMARK VIOLATION WARNING: “Titan International, Inc. (TWI) Given Average Recommendation of “Hold” by Analysts” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/12/titan-international-inc-twi-given-average-recommendation-of-hold-by-analysts.html.

Shares of Titan International (NYSE:TWI) traded down 1.21% during mid-day trading on Thursday, hitting $9.80. 204,679 shares of the company were exchanged. Titan International has a 12-month low of $7.97 and a 12-month high of $14.23. The company’s 50-day moving average price is $9.48 and its 200-day moving average price is $10.55. The firm’s market capitalization is $585.06 million.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.18). The company had revenue of $364.40 million during the quarter, compared to the consensus estimate of $352.13 million. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. Titan International’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. Equities research analysts predict that Titan International will post ($0.53) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid 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 -2.44%.

Large investors have recently modified their holdings of the stock. Thrivent Financial For Lutherans lifted its stake 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 purchasing an additional 3,750 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Titan International by 10.2% during the first quarter. Prudential Financial Inc. now owns 118,945 shares of the industrial products company’s stock valued at $1,230,000 after acquiring an additional 11,033 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Titan International by 70.3% during the second quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock valued at $37,922,000 after acquiring an additional 1,303,200 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Titan International by 89.1% during the second quarter. Russell Investments Group Ltd. now owns 83,178 shares of the industrial products company’s stock valued at $999,000 after acquiring an additional 39,187 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Titan International by 4.3% during the first quarter. Comerica Bank now owns 48,382 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 1,974 shares during the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

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)

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