Titan International, Inc. (TWI) Receives Average Rating of “Hold” from Brokerages

Titan International, Inc. (NYSE:TWI) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $14.50.

A number of research firms recently issued reports on TWI. BidaskClub upgraded shares of Titan International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of Titan International from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Friday, June 30th. Finally, ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th.

Shares of Titan International (NYSE:TWI) traded down 2.02% during mid-day trading on Wednesday, hitting $8.24. The company’s stock had a trading volume of 280,345 shares. The company’s market cap is $491.93 million. The stock’s 50 day moving average price is $11.32 and its 200 day moving average price is $11.31. Titan International has a 52-week low of $8.18 and a 52-week high of $14.23.

Titan International (NYSE:TWI) last posted its earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by $0.18. The business had revenue of $364.40 million for the quarter, compared to analyst estimates of $352.13 million. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Equities analysts forecast that Titan International will post ($0.26) EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Titan International by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,922,553 shares of the industrial products company’s stock worth $47,110,000 after buying an additional 208,779 shares during the period. Vanguard Group Inc. increased its position in shares of Titan International by 9.5% in the second quarter. Vanguard Group Inc. now owns 3,349,303 shares of the industrial products company’s stock worth $40,224,000 after buying an additional 290,653 shares during the period. Franklin Resources Inc. increased its position in shares of Titan International by 70.3% in the second quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock worth $37,922,000 after buying an additional 1,303,200 shares during the period. Fishman Jay A Ltd. MI increased its position in shares of Titan International by 3.7% in the second quarter. Fishman Jay A Ltd. MI now owns 2,833,032 shares of the industrial products company’s stock worth $34,025,000 after buying an additional 102,150 shares during the period. Finally, State Street Corp increased its position in shares of Titan International by 3.7% in the second quarter. State Street Corp now owns 1,058,638 shares of the industrial products company’s stock worth $12,714,000 after buying an additional 37,423 shares during the period. Institutional investors and hedge funds own 85.73% of the company’s stock.

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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