Titan International Inc. (TWI) Shares Up 3.2%
Shares of Titan International Inc. (NYSE:TWI) traded up 3.2% 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.
A number of brokerages have recently commented on TWI. Zacks Investment Research cut Titan International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. Jefferies Group boosted their price target on Titan International from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $8.68.
The company has a 50 day moving average price of $7.38 and a 200 day moving average price of $6.06. The company’s market cap is $517.22 million.
Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.02 earnings per share. The business’s revenue was down 12.2% compared to the same quarter last year. Equities analysts predict that Titan International Inc. will post ($0.49) earnings per share 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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