Titan International, Inc. (TWI) Given Hold Rating at Jefferies Group LLC

Jefferies Group LLC reissued their hold rating on shares of Titan International, Inc. (NYSE:TWI) in a research note published on Friday, October 6th. Jefferies Group LLC currently has a $10.50 price target on the industrial products company’s stock. Jefferies Group also issued estimates for Titan International’s Q3 2017 earnings at ($0.13) EPS, Q4 2017 earnings at ($0.07) EPS, FY2018 earnings at $0.10 EPS and FY2019 earnings at $0.40 EPS.

TWI has been the topic of several other research reports. BidaskClub downgraded Titan International from a buy rating to a hold rating in a research note on Thursday, August 10th. ValuEngine downgraded Titan International from a hold rating to a sell rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded Titan International from a hold rating to a sell rating in a research note on Wednesday, August 9th. Finally, TheStreet upgraded Titan International from a d+ rating to a c- rating in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Titan International currently has an average rating of Hold and an average price target of $12.75.

Shares of Titan International (NYSE TWI) opened at 9.66 on Friday. The company’s market capitalization is $576.70 million. Titan International has a 1-year low of $7.97 and a 1-year high of $14.23. The firm has a 50-day moving average price of $9.60 and a 200-day moving average price of $10.55.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The company had revenue of $364.40 million for the quarter, compared to the consensus estimate of $352.13 million. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. Equities analysts anticipate that Titan International will post ($0.53) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Titan International, Inc. (TWI) Given Hold Rating at Jefferies Group LLC” was originally posted by BBNS and is the sole property of of BBNS. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/jefferies-group-llc-reiterates-hold-rating-for-titan-international-inc-twi/1698207.html.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.005 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.21%. Titan International’s payout ratio is currently -2.44%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans increased its stake in Titan International by 16.0% in the first quarter. Thrivent Financial For Lutherans now owns 27,230 shares of the industrial products company’s stock valued at $282,000 after acquiring an additional 3,750 shares during the last quarter. Prudential Financial Inc. boosted its position in Titan International by 10.2% during the first quarter. Prudential Financial Inc. now owns 118,945 shares of the industrial products company’s stock valued at $1,230,000 after buying an additional 11,033 shares during the period. Franklin Resources Inc. boosted its position in Titan International by 70.3% during the second 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 during the period. Russell Investments Group Ltd. boosted its position in Titan International by 89.1% during the second quarter. Russell Investments Group Ltd. now owns 83,178 shares of the industrial products company’s stock valued at $999,000 after buying an additional 39,187 shares during the period. Finally, Comerica Bank boosted its position in Titan International by 4.3% during the first quarter. Comerica Bank now owns 48,382 shares of the industrial products company’s stock valued at $527,000 after buying an additional 1,974 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Titan International Company Profile

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)

Receive News & Ratings for Titan International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.