Titan International, Inc. (TWI) Upgraded by TheStreet to “C-“
Titan International, Inc. (NYSE:TWI) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Monday.
Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC reissued a “hold” rating and set a $10.50 price target on shares of Titan International in a research report on Friday, October 6th. Zacks Investment Research lowered shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, BidaskClub cut shares of Titan International from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $13.50.
Titan International (TWI) opened at $11.26 on Monday. Titan International has a 1 year low of $7.97 and a 1 year high of $14.23. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 1.17.
Titan International (NYSE:TWI) last posted its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. Titan International had a negative return on equity of 9.22% and a negative net margin of 3.19%. The company had revenue of $370.99 million during the quarter, compared to analyst estimates of $331.30 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The business’s revenue was up 21.2% compared to the same quarter last year. analysts predict that Titan International will post -0.73 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in Titan International by 2.8% in the third quarter. Ameriprise Financial Inc. now owns 726,234 shares of the industrial products company’s stock valued at $7,373,000 after acquiring an additional 19,670 shares during the period. Financial Engines Advisors L.L.C. increased its position in shares of Titan International by 25.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 41,688 shares of the industrial products company’s stock worth $423,000 after purchasing an additional 8,402 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Titan International by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 558,943 shares of the industrial products company’s stock valued at $5,673,000 after purchasing an additional 16,746 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Titan International during the 3rd quarter worth about $1,630,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Titan International by 7.5% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 103,440 shares of the industrial products company’s stock worth $1,050,000 after purchasing an additional 7,240 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.
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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