Titan International (NYSE:TWI) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued on Tuesday.
TWI has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Titan International from a “hold” rating to a “strong-buy” rating and set a $8.75 target price for the company in a research note on Thursday, November 8th. Sidoti set a $10.00 target price on shares of Titan International and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, ValuEngine cut shares of Titan International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 25th. One 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’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.44.
NYSE TWI opened at $6.21 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.11 and a current ratio of 2.11. The company has a market cap of $382.87 million, a price-to-earnings ratio of -12.67 and a beta of 1.72. Titan International has a 1-year low of $4.49 and a 1-year high of $13.85.
Hedge funds have recently bought and sold shares of the stock. Flinton Capital Management LLC raised its position in Titan International by 92.2% in the 4th quarter. Flinton Capital Management LLC now owns 7,514 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 3,604 shares during the last quarter. Magnus Financial Group LLC bought a new position in Titan International in the 4th quarter worth approximately $59,000. Point72 Asset Management L.P. bought a new position in Titan International in the 3rd quarter worth approximately $111,000. Metropolitan Life Insurance Co. NY raised its position in Titan International by 354.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,205 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 12,637 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Titan International by 71.7% in the 4th quarter. SG Americas Securities LLC now owns 17,357 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 7,246 shares during the last quarter. Hedge funds and other institutional investors own 84.21% of the company’s stock.
About Titan International
Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.
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