Tower International (NYSE:TOWR) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.
A number of other equities analysts have also recently commented on the stock. JPMorgan Chase cut their target price on shares of Tower International from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Zacks Investment Research raised shares of Tower International from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Thursday, December 21st. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $35.33.
Shares of NYSE:TOWR opened at $28.70 on Friday. The company has a market cap of $592.65, a PE ratio of 7.63, a P/E/G ratio of 0.88 and a beta of 2.36. The company has a quick ratio of 0.98, a current ratio of 1.14 and a debt-to-equity ratio of 1.28. Tower International has a twelve month low of $21.00 and a twelve month high of $33.65.
Tower International (NYSE:TOWR) last announced its earnings results on Tuesday, February 13th. The auto parts company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. The business 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 30.05%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 EPS. equities research analysts forecast that Tower International will post 4.11 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Fund Management S.A. increased its stake in Tower International by 17.1% in the 4th quarter. Capital Fund Management S.A. now owns 18,500 shares of the auto parts company’s stock valued at $565,000 after buying an additional 2,700 shares during the period. EAM Investors LLC acquired a new position in Tower International in the 4th quarter valued at $2,087,000. Cornerstone Capital Management Holdings LLC. increased its stake in Tower International by 41.0% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 14,100 shares of the auto parts company’s stock valued at $383,000 after buying an additional 4,100 shares during the period. California Public Employees Retirement System increased its stake in Tower International by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 123,628 shares of the auto parts company’s stock valued at $3,363,000 after buying an additional 6,728 shares during the period. Finally, Eqis Capital Management Inc. increased its stake in Tower International by 52.6% in the 4th quarter. Eqis Capital Management Inc. now owns 14,514 shares of the auto parts company’s stock valued at $443,000 after buying an additional 5,002 shares during the period. 90.29% of the stock is currently owned by institutional investors.
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Tower International Company Profile
Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.
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