Brokerages Set Titan International Inc (TWI) Target Price at $13.17

Titan International Inc (NYSE:TWI) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $13.17.

TWI has been the subject of a number of research reports. TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. ValuEngine raised shares of Titan International from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 7th. Sidoti set a $10.00 price target on shares of Titan International and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research cut shares of Titan International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th.

NYSE TWI opened at $5.55 on Monday. Titan International has a 52-week low of $4.35 and a 52-week high of $12.38. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.08 and a quick ratio of 1.02. The company has a market cap of $332.40 million, a P/E ratio of 20.56 and a beta of 1.75.

Titan International (NYSE:TWI) last posted its earnings results on Friday, May 3rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). Titan International had a negative return on equity of 2.45% and a negative net margin of 0.77%. The business had revenue of $410.40 million for the quarter, compared to the consensus estimate of $429.30 million. During the same period in the previous year, the company posted $0.23 earnings per share. Titan International’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that Titan International will post 0.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.005 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.36%. Titan International’s dividend payout ratio is currently 7.41%.

Institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio bought a new position in shares of Titan International during the 1st quarter worth approximately $39,000. Flinton Capital Management LLC grew its stake in shares of Titan International by 92.2% during the 4th quarter. Flinton Capital Management LLC now owns 7,514 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 3,604 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Titan International by 337.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,087 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 8,552 shares in the last quarter. Magnus Financial Group LLC bought a new position in shares of Titan International during the 4th quarter worth approximately $59,000. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of Titan International by 354.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,205 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 12,637 shares in the last quarter. 83.70% of the stock is owned by institutional investors.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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