Shares of Titan International Inc (NYSE:TWI) have been assigned an average rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.00.
A number of research firms have weighed in on TWI. Zacks Investment Research downgraded Titan International from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. William Blair restated an “outperform” rating on shares of Titan International in a research report on Friday, February 23rd.
In other news, CFO James M. Froisland purchased 5,000 shares of the stock in a transaction on Thursday, December 14th. The shares were acquired at an average price of $11.65 per share, for a total transaction of $58,250.00. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at approximately $58,250. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 17.80% of the company’s stock.
Shares of Titan International (TWI) traded up $0.52 during mid-day trading on Friday, hitting $13.59. The company had a trading volume of 298,812 shares, compared to its average volume of 275,381. The company has a quick ratio of 1.19, a current ratio of 2.10 and a debt-to-equity ratio of 1.31. Titan International has a one year low of $7.97 and a one year high of $14.53. The stock has a market capitalization of $812.83, a P/E ratio of -12.13 and a beta of 1.69.
Titan International (NYSE:TWI) last issued its quarterly earnings data on Friday, February 23rd. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.03. Titan International had a negative return on equity of 6.94% and a negative net margin of 4.31%. The company had revenue of $376.03 million for the quarter, compared to the consensus estimate of $364.77 million. During the same quarter last year, the business posted ($0.25) earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. sell-side analysts predict that Titan International will post 0.35 earnings per share for the current fiscal year.
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About Titan International
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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