StockNews.com Upgrades Titan International (NYSE:TWI) to “Hold”

Titan International (NYSE:TWI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Separately, DA Davidson assumed coverage on Titan International in a research note on Friday, December 13th. They set a “buy” rating and a $11.00 target price for the company.

Titan International Stock Down 0.7 %

Titan International stock opened at $6.92 on Friday. The stock’s fifty day moving average is $7.22 and its two-hundred day moving average is $7.55. The stock has a market cap of $436.92 million, a PE ratio of -57.67 and a beta of 1.83. Titan International has a 1-year low of $6.34 and a 1-year high of $15.33. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Institutional Investors Weigh In On Titan International

A number of institutional investors and hedge funds have recently bought and sold shares of TWI. FMR LLC lifted its stake in Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,625 shares during the last quarter. nVerses Capital LLC grew its position in Titan International by 344.4% during the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 3,100 shares during the last quarter. Panagora Asset Management Inc. grew its position in Titan International by 1.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 245,067 shares of the industrial products company’s stock worth $1,816,000 after purchasing an additional 3,220 shares during the last quarter. Innealta Capital LLC purchased a new position in Titan International during the 2nd quarter worth $27,000. Finally, Koss Olinger Consulting LLC increased its stake in Titan International by 9.7% in the third quarter. Koss Olinger Consulting LLC now owns 48,681 shares of the industrial products company’s stock valued at $396,000 after purchasing an additional 4,309 shares during the period. 80.39% of the stock is owned by hedge funds and other institutional investors.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.