A number of research firms have changed their ratings and price targets for Tower International (NYSE: TOWR):

  • 11/7/2017 – Tower International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/1/2017 – Tower International had its “buy” rating reaffirmed by analysts at B. Riley.
  • 10/31/2017 – Tower International had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $40.00 price target on the stock.
  • 10/24/2017 – Tower International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TA Delaware, Inc. is engaged in the manufacture of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. It offers its automotive customers body-structure stampings, frame and other chassis structures, as well as complex welded assemblies, for small and large cars, crossovers, pickups and SUVs. Its manufacturing operations consist primarily of stamping and welding operations, system and modular assembly operations, coating, and other ancillary operations. The Company uses various grades and thicknesses of steel and aluminum; including high-strength, hot- and cold-rolled, galvanized, organically coated, stainless, and aluminized steel; for the manufacture of its products. TA Delaware, Inc. is headquartered in Livonia, Michigan. “
  • 10/18/2017 – Tower International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “TA Delaware, Inc. is engaged in the manufacture of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. It offers its automotive customers body-structure stampings, frame and other chassis structures, as well as complex welded assemblies, for small and large cars, crossovers, pickups and SUVs. Its manufacturing operations consist primarily of stamping and welding operations, system and modular assembly operations, coating, and other ancillary operations. The Company uses various grades and thicknesses of steel and aluminum; including high-strength, hot- and cold-rolled, galvanized, organically coated, stainless, and aluminized steel; for the manufacture of its products. TA Delaware, Inc. is headquartered in Livonia, Michigan. “
  • 10/18/2017 – Tower International was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 9/28/2017 – Tower International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/28/2017 – Tower International was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 9/27/2017 – Tower International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TA Delaware, Inc. is engaged in the manufacture of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. It offers its automotive customers body-structure stampings, frame and other chassis structures, as well as complex welded assemblies, for small and large cars, crossovers, pickups and SUVs. Its manufacturing operations consist primarily of stamping and welding operations, system and modular assembly operations, coating, and other ancillary operations. The Company uses various grades and thicknesses of steel and aluminum; including high-strength, hot- and cold-rolled, galvanized, organically coated, stainless, and aluminized steel; for the manufacture of its products. TA Delaware, Inc. is headquartered in Livonia, Michigan. “
  • 9/26/2017 – Tower International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “TA Delaware, Inc. is engaged in the manufacture of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. It offers its automotive customers body-structure stampings, frame and other chassis structures, as well as complex welded assemblies, for small and large cars, crossovers, pickups and SUVs. Its manufacturing operations consist primarily of stamping and welding operations, system and modular assembly operations, coating, and other ancillary operations. The Company uses various grades and thicknesses of steel and aluminum; including high-strength, hot- and cold-rolled, galvanized, organically coated, stainless, and aluminized steel; for the manufacture of its products. TA Delaware, Inc. is headquartered in Livonia, Michigan. “
  • 9/22/2017 – Tower International was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/15/2017 – Tower International was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Tower International, Inc. (NYSE:TOWR) opened at $29.90 on Tuesday. The stock has a market capitalization of $632.28, a PE ratio of 8.56, a PEG ratio of 0.83 and a beta of 2.69. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 1.32. Tower International, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $33.65.

Tower International (NYSE:TOWR) last released its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The company had revenue of $462.00 million during the quarter, compared to analysts’ expectations of $451.73 million. Tower International had a return on equity of 30.51% and a net margin of 3.58%. Tower International’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. sell-side analysts expect that Tower International, Inc. will post 3.7 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.12 per share. This is a positive change from Tower International’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 9th. Tower International’s payout ratio is 14.63%.

In other Tower International news, SVP William Cook sold 6,601 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $31.87, for a total transaction of $210,373.87. Following the completion of the sale, the senior vice president now directly owns 11,917 shares in the company, valued at approximately $379,794.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.20% of the stock is currently owned by insiders.

Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).

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