Shares of Titan International, Inc. (NYSE:TWI) have been given an average rating of “Hold” by the nine brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $13.50.

TWI has been the topic of several research analyst reports. ValuEngine raised Titan International from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Titan International in a research note on Sunday. Finally, Zacks Investment Research lowered Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.

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Institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans lifted its position in Titan International by 16.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 27,230 shares of the industrial products company’s stock worth $282,000 after acquiring an additional 3,750 shares in the last quarter. Prudential Financial Inc. lifted its position in Titan International by 10.2% during the 1st quarter. Prudential Financial Inc. now owns 118,945 shares of the industrial products company’s stock worth $1,230,000 after acquiring an additional 11,033 shares in the last quarter. Franklin Resources Inc. lifted its position in Titan International by 70.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock worth $37,922,000 after acquiring an additional 1,303,200 shares in the last quarter. Citigroup Inc. lifted its position in Titan International by 33.6% during the 2nd quarter. Citigroup Inc. now owns 74,229 shares of the industrial products company’s stock worth $891,000 after acquiring an additional 18,651 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Titan International by 89.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 83,178 shares of the industrial products company’s stock worth $999,000 after acquiring an additional 39,187 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Titan International (NYSE TWI) traded up $0.36 on Monday, reaching $11.54. The company’s stock had a trading volume of 306,498 shares, compared to its average volume of 226,724. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 1.28. Titan International has a 52 week low of $7.97 and a 52 week high of $14.23.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, November 2nd. 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 during the quarter, compared to analysts’ expectations of $331.30 million. Titan International had a negative return on equity of 9.22% and a negative net margin of 3.19%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) EPS. sell-side analysts forecast that Titan International will post -0.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.17%. The ex-dividend date was Thursday, September 28th. Titan International’s dividend payout ratio (DPR) is presently -2.41%.

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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