Shares of Tower International Inc. (NYSE:TOWR) have earned a consensus rating of “Hold” from the six research firms that are presently covering the company. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $28.67.

Several brokerages have recently weighed in on TOWR. Zacks Investment Research downgraded Tower International from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Seaport Global Securities began coverage on Tower International in a report on Tuesday, August 9th. They set a “buy” rating and a $35.00 price target for the company. FBR & Co restated a “buy” rating on shares of Tower International in a report on Wednesday, July 27th. Finally, Wells Fargo & Co. restated a “hold” rating and set a $24.00 price target on shares of Tower International in a report on Monday, July 18th.

Several large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Tower International during the second quarter valued at approximately $159,000. Gamco Investors INC. ET AL boosted its stake in Tower International by 2.6% in the second quarter. Gamco Investors INC. ET AL now owns 12,000 shares of the company’s stock valued at $247,000 after buying an additional 300 shares during the period. Alambic Investment Management L.P. acquired a new stake in Tower International during the second quarter valued at approximately $311,000. Icon Advisers Inc. Co. acquired a new stake in Tower International during the second quarter valued at approximately $311,000. Finally, Boothbay Fund Management LLC boosted its stake in Tower International by 111.5% in the first quarter. Boothbay Fund Management LLC now owns 19,165 shares of the company’s stock valued at $521,000 after buying an additional 10,102 shares during the period. 92.24% of the stock is currently owned by institutional investors.

Shares of Tower International (NYSE:TOWR) opened at 22.84 on Friday. The company has a 50-day moving average price of $23.77 and a 200-day moving average price of $23.15. Tower International has a 52 week low of $18.75 and a 52 week high of $31.41. The company has a market capitalization of $480.83 million, a PE ratio of 2.97 and a beta of 1.85.

Tower International (NYSE:TOWR) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.10. Tower International had a return on equity of 162.08% and a net margin of 8.31%. The firm earned $505.10 million during the quarter, compared to the consensus estimate of $504.70 million. During the same period last year, the company earned $1.05 earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. Analysts predict that Tower International will post $3.20 earnings per share for the current year.

Tower International Company Profile

Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company operates in two segments: Americas and International. The International segment consists of Europe and Asia, and the Americas segment consists of North America and South America.

5 Day Chart for NYSE:TOWR

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