Zacks Investment Research upgraded shares of Titan International, Inc. (NYSE:TWI) from a sell rating to a hold rating in a research note issued to investors on Thursday.

According to Zacks, “Titan International, Inc. is a global manufacturer of off-highway steel wheels and tires in the agricultural, earthmoving/construction and consumer markets. Titan generally manufactures both wheels and tires for these markets and provides the value-added service of assembling the completed wheel-tire system. They offer a broad range of different products that are manufactured in relatively short production runs to meet original equipment manufacturers’ specifications and/or aftermarket customer requirements. “

Several other equities analysts have also commented on TWI. TheStreet raised shares of Titan International from a d+ rating to a c- rating in a report on Monday, November 6th. BidaskClub cut shares of Titan International from a buy rating to a hold rating in a research report on Thursday, August 10th. Jefferies Group LLC reissued a hold rating and set a $12.00 price target on shares of Titan International in a research report on Sunday, November 5th. Finally, ValuEngine cut shares of Titan International from a hold rating to a sell rating in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $13.50.

Titan International (NYSE TWI) opened at $11.03 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.17. Titan International has a twelve month low of $7.97 and a twelve month high of $14.23.

Titan International (NYSE:TWI) last released 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 net margin of 3.19% and a negative return on equity of 9.22%. The company had revenue of $370.99 million for the quarter, compared to analyst estimates of $331.30 million. During the same quarter last year, the firm earned ($0.15) EPS. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. equities research analysts forecast that Titan International will post -0.62 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its position in Titan International by 94.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock valued at $113,000 after buying an additional 4,597 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Titan International during the 2nd quarter valued at $125,000. IndexIQ Advisors LLC boosted its position in Titan International by 0.6% during the 2nd quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock valued at $141,000 after buying an additional 66 shares during the period. Westpac Banking Corp purchased a new stake in Titan International during the 2nd quarter valued at $152,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in Titan International during the 1st quarter valued at $170,000. 86.38% of the stock is owned by institutional investors and hedge funds.

Titan International Company Profile

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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Analyst Recommendations for Titan International (NYSE:TWI)

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