Titan International (NYSE:TWI) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Titan International in a report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Titan International currently has an average rating of “Hold” and a consensus target price of $10.00.

Titan International Price Performance

Shares of NYSE:TWI opened at $4.96 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.15 and a current ratio of 2.11. The business’s fifty day moving average price is $6.94 and its two-hundred day moving average price is $7.81. The stock has a market cap of $320.45 million, a PE ratio of -2.71 and a beta of 1.43. Titan International has a one year low of $4.58 and a one year high of $11.70.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $335.18 million for the quarter, compared to the consensus estimate of $448.82 million. Titan International had a negative return on equity of 1.56% and a negative net margin of 4.11%. On average, analysts forecast that Titan International will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Titan International

Several large investors have recently added to or reduced their stakes in the business. Aip LLC acquired a new position in Titan International during the second quarter worth approximately $68,468,485. Donald Smith & CO. Inc. acquired a new position in shares of Titan International in the 2nd quarter valued at $40,936,000. BlackRock Inc. acquired a new position in shares of Titan International in the 2nd quarter valued at $35,922,000. Dimensional Fund Advisors LP grew its stake in shares of Titan International by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,426,873 shares of the industrial products company’s stock valued at $23,678,000 after buying an additional 204,589 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Titan International by 10.5% during the 1st quarter. Renaissance Technologies LLC now owns 2,477,119 shares of the industrial products company’s stock valued at $17,117,000 after buying an additional 235,632 shares during the period. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Titan International Company Profile

Titan International, Inc (NYSE:TWI) designs, manufactures and sells wheels, tires and undercarriage systems for off-highway vehicles and equipment. Its products are used in agricultural, construction, earthmoving, mining and other industrial applications, with offerings that include specialized tires, wheels, wheel assemblies, tracks and related components.

The company serves original equipment manufacturers and replacement, or aftermarket, customers. Its products are used on tractors, combines, planting and harvesting equipment, loaders, graders, haulage vehicles and other heavy-duty machinery.