Tower International (TOWR) Given New $31.00 Price Target at JPMorgan Chase & Co.

Tower International (TOWR) Given New $31.00 Price Target at JPMorgan Chase & Co.

Tower International (NYSE:TOWR) had its price target reduced by JPMorgan Chase & Co. from $34.00 to $31.00 in a research report sent to investors on Wednesday. JPMorgan Chase & Co. currently has a neutral rating on the auto parts company’s stock.

Other equities analysts have also recently issued research reports about the stock. B. Riley reiterated a buy rating on shares of Tower International in a research report on Wednesday, November 1st. FBR & Co restated a buy rating and issued a $40.00 price objective on shares of Tower International in a research report on Tuesday, October 31st. ValuEngine cut shares of Tower International from a strong-buy rating to a buy rating in a research report on Tuesday, February 13th. BidaskClub cut shares of Tower International from a buy rating to a hold rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research cut shares of Tower International from a buy rating to a hold rating in a research report on Saturday, December 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $35.33.

Tower International (NYSE:TOWR) opened at $27.40 on Wednesday. The company has a market cap of $555.29, a price-to-earnings ratio of 12.02, a P/E/G ratio of 0.66 and a beta of 2.48. Tower International has a 52-week low of $21.00 and a 52-week high of $33.65. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.18 and a quick ratio of 1.01.

Tower International (NYSE:TOWR) last issued its earnings results on Tuesday, February 13th. The auto parts company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. The company had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $531.15 million. Tower International had a net margin of 2.40% and a return on equity of 30.47%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 EPS. analysts forecast that Tower International will post 4.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 9th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, February 8th. Tower International’s payout ratio is 21.05%.

Several hedge funds have recently added to or reduced their stakes in TOWR. State Street Corp increased its position in shares of Tower International by 4.7% in the second quarter. State Street Corp now owns 399,280 shares of the auto parts company’s stock valued at $8,962,000 after acquiring an additional 17,814 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of Tower International in the third quarter valued at about $259,000. Aperio Group LLC purchased a new position in shares of Tower International in the third quarter valued at about $254,000. Gamco Investors INC. ET AL increased its position in shares of Tower International by 34.0% in the third quarter. Gamco Investors INC. ET AL now owns 13,400 shares of the auto parts company’s stock valued at $364,000 after acquiring an additional 3,400 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Tower International by 5.1% in the third quarter. Russell Investments Group Ltd. now owns 67,994 shares of the auto parts company’s stock valued at $1,849,000 after acquiring an additional 3,316 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/02/18/tower-international-towr-given-new-31-00-price-target-at-jpmorgan-chase-co.html.

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).

Receive News & Ratings for Tower International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower International and related companies with MarketBeat.com's FREE daily email newsletter.

Tower International (NYSE:TOWR) had its price target cut by JPMorgan Chase & Co. from $34.00 to $31.00 in a report issued on Wednesday. They currently have a neutral rating on the auto parts company’s stock.

TOWR has been the topic of several other research reports. Zacks Investment Research upgraded shares of Tower International from a hold rating to a buy rating and set a $31.00 price target on the stock in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Tower International from a buy rating to a strong-buy rating in a research report on Wednesday, October 18th. FBR & Co reiterated a buy rating and set a $40.00 price target on shares of Tower International in a research report on Tuesday, October 31st. B. Riley reiterated a buy rating on shares of Tower International in a research report on Wednesday, November 1st. Finally, BidaskClub cut shares of Tower International from a buy rating to a hold rating in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tower International currently has an average rating of Buy and a consensus price target of $35.33.

Tower International (NYSE:TOWR) opened at $27.40 on Wednesday. Tower International has a 52-week low of $21.00 and a 52-week high of $33.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.01 and a current ratio of 1.18. The stock has a market cap of $555.29, a PE ratio of 12.02, a P/E/G ratio of 0.66 and a beta of 2.48.

Tower International (NYSE:TOWR) last announced its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. Tower International had a net margin of 2.40% and a return on equity of 30.47%. The company had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $531.15 million. During the same quarter in the previous year, the company earned $1.02 earnings per share. Tower International’s quarterly revenue was up 16.5% on a year-over-year basis. research analysts forecast that Tower International will post 4.11 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 9th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, February 8th. Tower International’s payout ratio is currently 21.05%.

A number of large investors have recently bought and sold shares of TOWR. Delphi Management Inc. MA bought a new stake in Tower International during the third quarter worth about $215,000. UBS Asset Management Americas Inc. bought a new stake in Tower International during the fourth quarter worth about $217,000. Paloma Partners Management Co bought a new stake in Tower International during the fourth quarter worth about $253,000. Aperio Group LLC bought a new stake in Tower International during the third quarter worth about $254,000. Finally, Eqis Capital Management Inc. bought a new stake in Tower International during the third quarter worth about $259,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Tower International (TOWR) Given New $31.00 Price Target at JPMorgan Chase & Co.” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/18/tower-international-towr-given-new-31-00-price-target-at-jpmorgan-chase-co.html.

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’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).

Receive News & Ratings for Tower International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply