Titan International, Inc. (TWI) Receives $13.50 Consensus Target Price from Brokerages

Titan International, Inc. (NYSE:TWI) has earned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $13.50.

Several brokerages have issued reports on TWI. BidaskClub cut Titan International from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine lowered Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Zacks Investment Research lowered Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Jefferies Group reiterated a “hold” rating and set a $12.00 price objective on shares of Titan International in a report on Sunday, November 5th.

Shares of Titan International (NYSE:TWI) traded down $0.22 during midday trading on Friday, reaching $11.75. The company’s stock had a trading volume of 137,067 shares, compared to its average volume of 380,867. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.17. Titan International has a 1-year low of $7.97 and a 1-year 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 consensus estimate of ($0.12) by $0.03. The business had revenue of $370.99 million for the quarter, compared to analysts’ expectations of $331.30 million. Titan International had a negative return on equity of 9.22% and a negative net margin of 3.19%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.15) EPS. equities research analysts expect that Titan International will post -0.62 EPS for the current year.

In other news, CEO Paul G. Reitz sold 22,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $10.82, for a total transaction of $238,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in shares of Titan International by 94.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 4,597 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Titan International in the 2nd quarter worth $125,000. IndexIQ Advisors LLC raised its stake in Titan International by 0.6% in the 2nd quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock worth $141,000 after acquiring an additional 66 shares during the last quarter. Westpac Banking Corp purchased a new position in Titan International in the 2nd quarter worth $152,000. Finally, UBS Asset Management Americas Inc. purchased a new position in Titan International in the 1st quarter worth $170,000. Hedge funds and other institutional investors own 87.15% of the company’s stock.

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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.

Analyst Recommendations for Titan International (NYSE:TWI)

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