Titan International Inc (TWI) Receives $12.00 Average Target Price from Analysts
Shares of Titan International Inc (NYSE:TWI) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.00.
Several analysts have recently weighed in on TWI shares. ValuEngine upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Jefferies Group reiterated a “hold” rating and set a $12.00 target price on shares of Titan International in a research report on Sunday, November 5th. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research upgraded Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 9th.
Titan International (TWI) traded up $0.04 during trading hours on Wednesday, hitting $11.91. The stock had a trading volume of 227,686 shares, compared to its average volume of 258,475. Titan International has a fifty-two week low of $7.97 and a fifty-two week high of $14.31. The company has a market capitalization of $711.18, a P/E ratio of -14.35 and a beta of 1.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.28 and a current ratio of 2.22.
Hedge funds have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC bought a new stake in shares of Titan International in the second quarter valued at about $125,000. Oppenheimer & Co. Inc. bought a new stake in shares of Titan International in the fourth quarter valued at about $135,000. Crossmark Global Holdings Inc. bought a new stake in shares of Titan International in the fourth quarter valued at about $216,000. Teacher Retirement System of Texas bought a new stake in shares of Titan International in the fourth quarter valued at about $223,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Titan International by 40.4% in the third quarter. BNP Paribas Arbitrage SA now owns 27,304 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 7,862 shares in the last quarter. Hedge funds and other institutional investors own 86.67% 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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