Titan International Inc. (TWI) Sets New 52-Week High at $9.41
Shares of Titan International Inc. (NYSE:TWI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.41 and last traded at $9.21, with a volume of 122,354 shares traded. The stock had previously closed at $9.14.
Several analysts have issued reports on TWI shares. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research note on Wednesday, April 27th. Jefferies Group raised their price objective on shares of Titan International from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $8.68.
The company’s market cap is $517.22 million. The company has a 50-day moving average price of $7.38 and a 200 day moving average price of $6.06.
Titan International (NYSE:TWI) last released its earnings results on Thursday, August 4th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The company had revenue of $330.20 million for the quarter, compared to analysts’ expectations of $330.92 million. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. On average, equities research analysts anticipate 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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