Tower International (NYSE:TOWR) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.06. The company issued revenue guidance of $2.14 billion, compared to the consensus revenue estimate of $2.07 billion.
A number of brokerages have issued reports on TOWR. Zacks Investment Research upgraded shares of Tower International from a hold rating to a buy rating and set a $31.00 target price for the company in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Tower International from a buy rating to a strong-buy rating in a research report on Wednesday, October 18th. FBR & Co restated a buy rating and set a $40.00 target price on shares of Tower International in a research report on Tuesday, October 31st. B. Riley restated a buy rating on shares of Tower International in a research report on Wednesday, November 1st. Finally, BidaskClub cut shares of Tower International from a buy rating to a hold rating in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Tower International presently has an average rating of Buy and an average price target of $35.00.
Shares of Tower International (NYSE TOWR) opened at $27.30 on Tuesday. The company has a market cap of $575.82, a PE ratio of 7.79, a PEG ratio of 0.69 and a beta of 2.48. Tower International has a twelve month low of $21.00 and a twelve month high of $33.65. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32.
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About Tower International
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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