Titan International, Inc. (NYSE:TWI) Rating Lowered to Hold at BidaskClub

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.

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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.

Analyst Recommendations for Titan International (NYSE:TWI)

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