Titan International (NYSE:TWI) Coverage Initiated at Noble Financial

Analysts at Noble Financial initiated coverage on shares of Titan International (NYSE:TWI) in a note issued to investors on Wednesday, MarketBeat reports. The firm set an “outperform” rating and a $11.00 price target on the industrial products company’s stock. Noble Financial’s price target points to a potential upside of 45.12% from the company’s current price.

TWI has been the topic of several other reports. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Cantor Fitzgerald initiated coverage on Titan International in a report on Thursday, March 20th. They issued an “overweight” rating and a $11.00 target price on the stock.

Titan International Stock Performance

NYSE:TWI opened at $7.58 on Wednesday. The stock has a market cap of $482.88 million, a P/E ratio of -63.17 and a beta of 1.95. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average is $7.18 and its 200-day moving average is $7.64. Titan International has a 1-year low of $5.93 and a 1-year high of $9.60.

Titan International (NYSE:TWI) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $490.71 million for the quarter, compared to the consensus estimate of $466.86 million. Titan International had a positive return on equity of 5.76% and a negative net margin of 0.51%. Equities research analysts anticipate that Titan International will post 0.03 earnings per share for the current year.

Institutional Trading of Titan International

Several institutional investors have recently added to or reduced their stakes in TWI. EVR Research LP bought a new stake in Titan International in the first quarter valued at approximately $9,229,000. Royce & Associates LP boosted its holdings in Titan International by 1,059.1% in the first quarter. Royce & Associates LP now owns 918,114 shares of the industrial products company’s stock valued at $7,703,000 after acquiring an additional 838,902 shares during the last quarter. 1060 Capital LLC acquired a new position in Titan International in the first quarter valued at approximately $4,536,000. Victory Capital Management Inc. lifted its stake in Titan International by 21.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company’s stock valued at $13,267,000 after buying an additional 344,658 shares during the period. Finally, Donald Smith & CO. Inc. lifted its stake in Titan International by 51.6% in the first quarter. Donald Smith & CO. Inc. now owns 759,486 shares of the industrial products company’s stock valued at $6,372,000 after buying an additional 258,581 shares during the period. 80.39% of the stock is currently owned by institutional investors.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.