Shares of Titan International Inc (NYSE:TWI) have received an average rating of “Buy” from the six ratings firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $14.50.

Several research analysts have recently commented on the stock. Sidoti upgraded shares of Titan International from a “neutral” rating to a “buy” rating in a research note on Tuesday. Jefferies Group LLC restated an “underperform” rating and set a $14.00 price target (up previously from $11.50) on shares of Titan International in a research note on Friday. Zacks Investment Research lowered shares of Titan International from a “buy” rating to a “hold” rating in a research note on Saturday, March 18th. Feltl & Co. restated a “buy” rating on shares of Titan International in a research note on Thursday, March 16th. Finally, Aegis assumed coverage on shares of Titan International in a research note on Friday, December 23rd. They set a “buy” rating and a $15.00 price target on the stock.

Shares of Titan International (NYSE:TWI) traded up 12.64% during midday trading on Tuesday, hitting $9.80. 892,913 shares of the stock were exchanged. Titan International has a 12-month low of $5.60 and a 12-month high of $14.23. The firm’s market cap is $584.50 million. The stock’s 50 day moving average is $10.91 and its 200 day moving average is $11.26.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Wednesday, March 15th. The industrial products company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.15. Titan International had a negative return on equity of 12.49% and a negative net margin of 6.86%. The business had revenue of $307.30 million for the quarter, compared to analyst estimates of $311.02 million. During the same quarter last year, the company earned ($0.38) EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts forecast that Titan International will post ($0.10) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were paid a dividend of $0.005 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.02 annualized dividend and a dividend yield of 0.23%. Titan International’s dividend payout ratio (DPR) is -1.23%.

Several hedge funds and other institutional investors have recently made changes to their positions in TWI. Thrivent Financial for Lutherans raised its position in shares of Titan International by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 23,480 shares of the industrial products company’s stock valued at $263,000 after buying an additional 1,150 shares during the period. Numeric Investors LLC raised its position in Titan International by 3.9% in the fourth quarter. Numeric Investors LLC now owns 35,858 shares of the industrial products company’s stock worth $402,000 after buying an additional 1,358 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Titan International by 12.5% in the first quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the industrial products company’s stock worth $205,000 after buying an additional 2,200 shares during the last quarter. Comerica Bank raised its position in Titan International by 5.2% in the fourth quarter. Comerica Bank now owns 46,408 shares of the industrial products company’s stock worth $491,000 after buying an additional 2,310 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Titan International by 33.3% in the third quarter. Wells Fargo & Company MN now owns 16,935 shares of the industrial products company’s stock worth $171,000 after buying an additional 4,227 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

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Titan International Company Profile

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

5 Day Chart for NYSE:TWI

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