Titan International, Inc. (TWI) Rating Increased to Hold at ValuEngine
Titan International, Inc. (NYSE:TWI) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.
Other equities analysts also recently issued reports about the stock. Jefferies Group LLC restated a “hold” rating and issued a $10.50 target price on shares of Titan International in a research note on Friday, October 6th. Zacks Investment Research downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BidaskClub downgraded shares of Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.75.
Titan International (NYSE:TWI) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. The company had revenue of $370.99 million for the quarter, compared to the consensus estimate of $331.30 million. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) EPS.
Several institutional investors and hedge funds have recently made changes to their positions in TWI. State of Alaska Department of Revenue lifted its position in shares of Titan International by 94.8% in 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 purchasing an additional 4,597 shares during the period. Stifel Financial Corp lifted its position in shares of Titan International by 0.9% in the 1st quarter. Stifel Financial Corp now owns 11,363 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 104 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of Titan International in the 2nd quarter worth approximately $125,000. IndexIQ Advisors LLC lifted its position in shares of Titan International by 0.6% in the 2nd quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 66 shares during the period. Finally, Westpac Banking Corp purchased a new stake in shares of Titan International in the 2nd quarter worth approximately $152,000. 86.25% of the stock is owned by hedge funds and other institutional investors.
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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