Jefferies Group reissued their hold rating on shares of Titan International Inc. (NYSE:TWI) in a research report sent to investors on Monday. The brokerage currently has a $11.50 target price on the stock.

“Titan International Receives a Hold from Jefferies | Analyst Ratings

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Home » Titan International Receives a Hold from Jefferies,” the firm’s analyst commented.

Separately, Zacks Investment Research raised shares of Titan International from a sell rating to a hold rating in a research report on Tuesday, July 12th.

Titan International (NYSE:TWI) opened at 10.76 on Monday. The firm’s market capitalization is $581.53 million. The company has a 50 day moving average price of $10.01 and a 200 day moving average price of $7.99. Titan International has a 52-week low of $2.50 and a 52-week high of $10.91.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.05. The company had revenue of $306.20 million for the quarter, compared to analysts’ expectations of $301.25 million. Titan International had a negative return on equity of 12.49% and a negative net margin of 6.86%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.13) EPS. On average, equities analysts forecast that Titan International will post ($0.45) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a dividend of $0.005 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.19%. Titan International’s dividend payout ratio (DPR) is currently -1.23%.

Several large investors have recently added to or reduced their stakes in TWI. Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in Titan International by 0.6% in the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 11,571 shares of the company’s stock valued at $117,000 after buying an additional 71 shares during the period. Wells Fargo & Company MN boosted its stake in Titan International by 33.3% in the third quarter. Wells Fargo & Company MN now owns 16,935 shares of the company’s stock valued at $171,000 after buying an additional 4,227 shares during the period. Hartford Investment Management Co. purchased a new stake in Titan International during the second quarter valued at about $105,000. Mount Vernon Associates Inc. MD boosted its stake in Titan International by 2.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 18,100 shares of the company’s stock valued at $112,000 after buying an additional 400 shares during the period. Finally, Keane Capital Partners LLC purchased a new stake in Titan International during the second quarter valued at about $118,000. 77.14% of the stock is owned by institutional investors and hedge funds.

Titan International Company Profile

Titan International, Inc is a manufacturer of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates through three segments: agricultural, earthmoving/construction and consumer. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment.

5 Day Chart for NYSE:TWI

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