Titan International, Inc. (NYSE:TWI) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.

Other analysts also recently issued research reports about the company. BidaskClub raised Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and set a $10.50 target price on shares of Titan International in a research note on Friday, October 6th. Finally, Zacks Investment Research downgraded Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.75.

Titan International (NYSE:TWI) opened at $11.18 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.30 and a debt-to-equity ratio of 1.17.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.03. Titan International had a negative return on equity of 9.22% and a negative net margin of 3.19%. The firm had revenue of $370.99 million for the quarter, compared to the consensus estimate of $331.30 million. During the same quarter last year, the company earned ($0.15) earnings per share. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. equities analysts expect that Titan International will post -0.55 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Titan International by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,922,553 shares of the industrial products company’s stock valued at $47,110,000 after purchasing an additional 208,779 shares during the period. Vanguard Group Inc. raised its stake in Titan International by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,349,303 shares of the industrial products company’s stock valued at $40,224,000 after purchasing an additional 290,653 shares during the period. Franklin Resources Inc. grew its holdings in Titan International by 70.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock valued at $37,922,000 after buying an additional 1,303,200 shares in the last quarter. Fishman Jay A Ltd. MI grew its holdings in Titan International by 2.5% during the 3rd quarter. Fishman Jay A Ltd. MI now owns 2,903,062 shares of the industrial products company’s stock valued at $29,466,000 after buying an additional 70,030 shares in the last quarter. Finally, State Street Corp grew its holdings in Titan International by 3.7% during the 2nd quarter. State Street Corp now owns 1,058,638 shares of the industrial products company’s stock valued at $12,714,000 after buying an additional 37,423 shares in the last quarter. 86.25% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Titan International (NYSE:TWI)

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