Shares of Titan International, Inc. (NYSE:TWI) have earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.50.

TWI has been the topic of a number of research reports. Jefferies Group restated a “hold” rating and issued a $10.50 price target on shares of Titan International in a research note on Friday, October 6th. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. ValuEngine upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, BidaskClub downgraded Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th.

Titan International (TWI) traded up $0.01 during trading on Friday, hitting $11.98. The company’s stock had a trading volume of 189,904 shares, compared to its average volume of 383,060. Titan International has a twelve month low of $7.97 and a twelve month high of $14.23. 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 (NYSE:TWI) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.03. The firm had revenue of $370.99 million for the quarter, compared to the consensus estimate of $331.30 million. Titan International had a negative return on equity of 9.22% and a negative net margin of 3.19%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period last year, the business posted ($0.15) EPS. equities research analysts forecast that Titan International will post -0.62 earnings per share for the current year.

In other news, CEO Paul G. Reitz sold 22,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $10.82, for a total value of $238,040.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 17.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWI. State of Alaska Department of Revenue lifted its position in Titan International by 94.8% during the second quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 4,597 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Titan International during the second quarter valued at $125,000. IndexIQ Advisors LLC lifted its position in Titan International by 0.6% during the second quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 66 shares in the last quarter. Westpac Banking Corp purchased a new position in Titan International during the second quarter valued at $152,000. Finally, UBS Asset Management Americas Inc. purchased a new position in Titan International during the first quarter valued at $170,000. Institutional investors own 87.27% of the company’s stock.

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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.

Analyst Recommendations for Titan International (NYSE:TWI)

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