Titan International (NYSE:TWI)‘s stock had its “outperform” rating reaffirmed by research analysts at William Blair in a research note issued to investors on Friday.
Several other analysts have also recently commented on TWI. Zacks Investment Research cut Titan International from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a report on Monday, November 6th. ValuEngine upgraded Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Jefferies Group reiterated a “hold” rating and issued a $12.00 target price on shares of Titan International in a report on Sunday, November 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.00.
Shares of Titan International (TWI) opened at $14.15 on Friday. Titan International has a twelve month low of $7.97 and a twelve month high of $14.31. The company has a market capitalization of $713.57, a P/E ratio of -17.05 and a beta of 1.73. 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 announced its earnings results on Friday, February 23rd. The industrial products company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. Titan International had a negative return on equity of 9.22% and a negative net margin of 3.19%. The business had revenue of $376.03 million for the quarter, compared to analysts’ expectations of $364.77 million. During the same period in the prior year, the business posted ($0.25) earnings per share. The firm’s revenue was up 22.4% on a year-over-year basis. equities analysts predict that Titan International will post -0.73 EPS for the current fiscal year.
In other Titan International news, CFO James M. Froisland purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of $11.65 per share, for a total transaction of $58,250.00. Following the acquisition, the chief financial officer now owns 5,000 shares of the company’s stock, valued at $58,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC bought a new position in shares of Titan International during the 2nd quarter worth approximately $125,000. Oppenheimer & Co. Inc. purchased a new position in Titan International in the 4th quarter worth approximately $135,000. Crossmark Global Holdings Inc. purchased a new position in Titan International in the 4th quarter worth approximately $216,000. Teacher Retirement System of Texas purchased a new position in Titan International in the 4th quarter worth approximately $223,000. Finally, BNP Paribas Arbitrage SA increased its stake in Titan International by 40.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 27,304 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 7,862 shares during the period. Hedge funds and other institutional investors own 86.19% of the company’s stock.
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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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