Titan International Inc. (TWI) Trading 3.2% Higher
Shares of Titan International Inc. (NYSE:TWI) were up 3.2% during mid-day trading on Friday . The stock traded as high as $9.65 and last traded at $9.45, with a volume of 412,725 shares changing hands. The stock had previously closed at $9.16.
Several analysts recently issued reports on TWI shares. Zacks Investment Research upgraded shares of Titan International from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a report on Wednesday, April 27th. Jefferies Group boosted their price objective on shares of Titan International from $6.00 to $8.00 and gave the company a “hold” rating in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Titan International has an average rating of “Hold” and a consensus target price of $8.68.
The stock has a 50 day moving average price of $7.28 and a 200 day moving average price of $6.01. The firm’s market cap is $511.82 million.
Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The company had revenue of $330.20 million for the quarter, compared to analyst estimates of $330.92 million. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue was down 12.2% on a year-over-year basis. Equities research analysts anticipate that Titan International Inc. will post ($0.49) EPS for the current fiscal 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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