News articles about Tower International (NYSE:TOWR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tower International earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the auto parts company an impact score of 45.9181819218203 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Tower International (NYSE TOWR) opened at $31.80 on Monday. The company has a market capitalization of $652.80, a price-to-earnings ratio of 10.36, a P/E/G ratio of 0.79 and a beta of 2.70. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 1.32. Tower International has a twelve month low of $21.00 and a twelve month high of $33.65.
Tower International (NYSE:TOWR) last posted its earnings results on Monday, October 30th. The auto parts company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.77 by $0.08. The firm had revenue of $462.00 million for the quarter, compared to analyst estimates of $451.73 million. Tower International had a return on equity of 30.51% and a net margin of 3.58%. Tower International’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. equities analysts expect that Tower International will post 3.7 EPS for the current fiscal year.
TOWR has been the topic of several analyst reports. Zacks Investment Research upgraded Tower International from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, September 26th. BidaskClub upgraded Tower International from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. TheStreet upgraded Tower International from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. ValuEngine upgraded Tower International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. Finally, FBR & Co reiterated a “buy” rating and issued a $40.00 price objective on shares of Tower International in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.00.
In related news, SVP William Cook sold 6,601 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $31.87, for a total value of $210,373.87. Following the transaction, the senior vice president now owns 11,917 shares of the company’s stock, valued at $379,794.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.20% of the company’s stock.
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About Tower International
Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).
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