Titan International Inc. (TWI) Reaches New 1-Year High at $9.41
Titan International Inc. (NYSE:TWI) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.41 and last traded at $9.21, with a volume of 122,354 shares changing hands. The stock had previously closed at $9.14.
A number of research firms recently commented on TWI. Zacks Investment Research upgraded Titan International from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research report on Wednesday, April 27th. Jefferies Group upped their price objective on Titan International from $6.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Titan International currently has a consensus rating of “Hold” and a consensus target price of $8.68.
The company’s market capitalization is $497.22 million. The company has a 50 day moving average price of $7.20 and a 200 day moving average price of $5.99.
Titan International (NYSE:TWI) last released its earnings results on Thursday, August 4th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $330.20 million for the quarter, compared to analyst estimates of $330.92 million. During the same period in the prior year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, equities analysts expect that Titan International Inc. will post ($0.49) EPS for the current year.
Titan International, Inc is a manufacturer of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates through three segments: agricultural, earthmoving/construction and consumer. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment.
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