Shares of Titan International, Inc. (NYSE:TWI) have been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $13.50.
A number of analysts recently issued reports on TWI shares. Jefferies Group reissued a “hold” rating and set a $10.50 price objective on shares of Titan International in a research report on Friday, October 6th. TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research report on Monday, November 6th. Zacks Investment Research raised Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. ValuEngine raised Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, BidaskClub downgraded Titan International from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.
Titan International (TWI) traded up $0.14 during midday trading on Friday, hitting $12.12. The stock had a trading volume of 288,294 shares, compared to its average volume of 382,654. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.28 and a current ratio of 2.22. Titan International has a fifty-two week low of $7.97 and a fifty-two week high of $14.23.
Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The firm had revenue of $370.99 million during 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 quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the company earned ($0.15) EPS. sell-side analysts expect that Titan International will post -0.62 earnings per share for the current fiscal year.
In other Titan International news, CEO Paul G. Reitz sold 22,000 shares of Titan International stock in a transaction dated 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 Securities & Exchange Commission, which is available through this link. 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 the business. Dimensional Fund Advisors LP grew its position in Titan International by 3.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,075,326 shares of the industrial products company’s stock valued at $41,364,000 after acquiring an additional 152,773 shares in the last quarter. Vanguard Group Inc. grew its position in Titan International by 9.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,349,303 shares of the industrial products company’s stock valued at $40,224,000 after acquiring an additional 290,653 shares in the last quarter. Franklin Resources Inc. grew its position in Titan International by 70.3% in the 2nd quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock valued at $37,922,000 after acquiring an additional 1,303,200 shares in the last quarter. Fishman Jay A Ltd. MI grew its position in Titan International by 2.5% in the 3rd 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 acquiring an additional 70,030 shares in the last quarter. Finally, State Street Corp grew its position in Titan International by 3.7% in the 2nd quarter. State Street Corp now owns 1,058,638 shares of the industrial products company’s stock valued at $12,714,000 after acquiring an additional 37,423 shares in the last quarter. 87.15% of the stock is owned by institutional investors.
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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.
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