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

Titan International, Inc. (NYSE:TWI)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group LLC in a report released on Sunday, November 5th. They presently have a $12.00 price objective on the industrial products company’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 3.36% from the stock’s current price.

A number of other research analysts have also recently weighed in on the company. ValuEngine upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. BidaskClub cut Titan International from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research cut Titan International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.50.

Shares of Titan International (NYSE TWI) traded down $0.02 during mid-day trading on Friday, hitting $11.61. The stock had a trading volume of 106,890 shares, compared to its average volume of 387,067. Titan International has a twelve month low of $7.97 and a twelve month high of $14.23. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 1.28.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $370.99 million during the quarter, compared to analysts’ expectations of $331.30 million. During the same quarter last year, the business posted ($0.15) earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. sell-side analysts anticipate that Titan International will post -0.62 earnings per share for the current fiscal year.

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In related news, CEO Paul G. Reitz sold 22,000 shares of Titan International stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $10.82, for a total transaction of $238,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 17.80% of the company’s stock.

A number of institutional investors have recently bought and sold shares of TWI. Franklin Resources Inc. increased its position 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 worth $37,922,000 after purchasing an additional 1,303,200 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Titan International by 13.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,713,774 shares of the industrial products company’s stock worth $38,400,000 after purchasing an additional 432,707 shares in the last quarter. Monarch Partners Asset Management LLC purchased a new stake in Titan International during the 2nd quarter worth about $4,233,000. Vanguard Group Inc. increased its position 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 worth $40,224,000 after purchasing an additional 290,653 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Titan International during the 3rd quarter worth about $1,630,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

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)

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