Titan International, Inc. (NYSE:TWI) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Titan International from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a report on Friday, June 30th. Sidoti upgraded Titan International from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th. Finally, Jefferies Group LLC reiterated an “underperform” rating and set a $14.00 price objective (up previously from $11.50) on shares of Titan International in a report on Friday, April 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $14.00.
Titan International (TWI) traded down 1.37% during mid-day trading on Thursday, reaching $10.08. 71,279 shares of the company’s stock were exchanged. Titan International has a 52 week low of $8.52 and a 52 week high of $14.23. The stock’s market cap is $601.78 million. The stock has a 50-day moving average price of $11.97 and a 200-day moving average price of $11.50.
Titan International (NYSE:TWI) last posted its earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.18. The company had revenue of $364.40 million for the quarter, compared to analyst estimates of $352.13 million. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. Titan International’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, analysts forecast that Titan International will post ($0.26) earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This article was posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/2798203/titan-international-inc-nysetwi-rating-lowered-to-hold-at-bidaskclub.html.
Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its stake in Titan International by 94.8% in 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 buying an additional 4,597 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Titan International by 17.7% in the first quarter. Mason Street Advisors LLC now owns 11,264 shares of the industrial products company’s stock valued at $116,000 after buying an additional 1,696 shares during the last quarter. Stifel Financial Corp boosted its stake in Titan International by 0.9% in the first quarter. Stifel Financial Corp now owns 11,363 shares of the industrial products company’s stock valued at $119,000 after buying an additional 104 shares during the last quarter. Stokes & Hubbell Capital Management LLC purchased a new stake in Titan International during the first quarter valued at approximately $124,000. Finally, IndexIQ Advisors LLC boosted its stake in Titan International by 0.6% in the second quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock valued at $141,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 85.35% of the company’s stock.
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.
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.