Zacks Investment Research Upgrades Titan International, Inc. (TWI) to “Hold”

Titan International, Inc. (NYSE:TWI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Titan International, Inc. is a global manufacturer of off-highway steel wheels and tires in the agricultural, earthmoving/construction and consumer markets. Titan generally manufactures both wheels and tires for these markets and provides the value-added service of assembling the completed wheel-tire system. They offer a broad range of different products that are manufactured in relatively short production runs to meet original equipment manufacturers’ specifications and/or aftermarket customer requirements. “

Other equities research analysts also recently issued reports about the stock. BidaskClub raised shares of Titan International from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 price target on shares of Titan International in a report on Sunday, November 5th. Finally, ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Titan International has a consensus rating of “Buy” and an average price target of $13.50.

Titan International (TWI) opened at $11.03 on Thursday. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 1.17. Titan International has a 12-month low of $7.97 and a 12-month high of $14.23.

Titan International (NYSE:TWI) last announced its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. The firm had revenue of $370.99 million during the quarter, compared to analyst estimates of $331.30 million. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. Titan International’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.15) EPS. sell-side analysts forecast that Titan International will post -0.62 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://transcriptdaily.com/2017/11/11/zacks-investment-research-upgrades-titan-international-inc-twi-to-hold.html.

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Titan International by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,922,553 shares of the industrial products company’s stock valued at $47,110,000 after buying an additional 208,779 shares in the last quarter. Vanguard Group Inc. lifted its stake in Titan International by 9.5% during the second quarter. Vanguard Group Inc. now owns 3,349,303 shares of the industrial products company’s stock valued at $40,224,000 after buying an additional 290,653 shares in the last quarter. Franklin Resources Inc. lifted its stake in Titan International by 70.3% during the second quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock valued at $37,922,000 after buying an additional 1,303,200 shares in the last quarter. Fishman Jay A Ltd. MI lifted its stake in Titan International by 2.5% during the third quarter. Fishman Jay A Ltd. MI now owns 2,903,062 shares of the industrial products company’s stock valued at $29,466,000 after buying an additional 70,030 shares in the last quarter. Finally, State Street Corp lifted its stake in Titan International by 3.7% during the second quarter. State Street Corp now owns 1,058,638 shares of the industrial products company’s stock valued at $12,714,000 after buying an additional 37,423 shares in the last quarter. 86.74% of the stock is owned by 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.

Analyst Recommendations for Titan International (NYSE:TWI)

Receive News & Ratings for Titan International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply