Tower International (TOWR) Raised to Strong-Buy at ValuEngine

ValuEngine upgraded shares of Tower International (NYSE:TOWR) from a buy rating to a strong-buy rating in a research report report published on Friday.

Other equities analysts have also issued reports about the stock. JPMorgan Chase decreased their target price on shares of Tower International from $34.00 to $31.00 and set a neutral rating on the stock in a report on Wednesday, February 14th. Zacks Investment Research lowered shares of Tower International from a buy rating to a hold rating in a report on Saturday, December 30th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $35.33.

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NYSE:TOWR opened at $28.70 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $589.56, a price-to-earnings ratio of 7.63, a PEG ratio of 0.87 and a beta of 2.36. Tower International has a 1-year low of $21.00 and a 1-year high of $33.65.

Tower International (NYSE:TOWR) last posted its earnings results on Tuesday, February 13th. The auto parts company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.02. The company had revenue of $538.00 million for the quarter, compared to analyst estimates of $531.15 million. Tower International had a net margin of 2.40% and a return on equity of 30.05%. Tower International’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 EPS. equities analysts expect that Tower International will post 4.11 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Capital Fund Management S.A. lifted its holdings in shares of Tower International by 17.1% in the 4th quarter. Capital Fund Management S.A. now owns 18,500 shares of the auto parts company’s stock worth $565,000 after acquiring an additional 2,700 shares during the last quarter. EAM Investors LLC acquired a new position in shares of Tower International in the 4th quarter worth approximately $2,087,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Tower International by 41.0% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 14,100 shares of the auto parts company’s stock worth $383,000 after acquiring an additional 4,100 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Tower International by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 123,628 shares of the auto parts company’s stock worth $3,363,000 after acquiring an additional 6,728 shares during the last quarter. Finally, Eqis Capital Management Inc. lifted its holdings in shares of Tower International by 52.6% in the 4th quarter. Eqis Capital Management Inc. now owns 14,514 shares of the auto parts company’s stock worth $443,000 after acquiring an additional 5,002 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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About Tower International

Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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