Tower International (NYSE:TOWR) had its price target lowered by research analysts at JPMorgan Chase & Co. from $34.00 to $31.00 in a report released on Wednesday. The brokerage presently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 12.32% from the company’s previous close.

Other research analysts also recently issued research reports about the company. B. Riley reiterated a “buy” rating on shares of Tower International in a research note on Wednesday, November 1st. FBR & Co reiterated a “buy” rating and set a $40.00 price target on shares of Tower International in a research note on Tuesday, October 31st. ValuEngine downgraded Tower International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. BidaskClub downgraded Tower International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded Tower International from a “buy” rating to a “hold” rating in a research note on Saturday, December 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $34.00.

Tower International (TOWR) traded up $2.30 during mid-day trading on Wednesday, hitting $27.60. The stock had a trading volume of 58,245 shares, compared to its average volume of 85,492. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.18 and a quick ratio of 1.01. The company has a market cap of $560.43, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 0.67 and a beta of 2.48. Tower International has a 12 month low of $21.00 and a 12 month high of $33.65.

Tower International (NYSE:TOWR) last posted its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.02. The company had revenue of $538.00 million during the quarter, compared to the consensus estimate of $531.15 million. Tower International had a return on equity of 30.51% and a net margin of 3.58%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 EPS. analysts predict that Tower International will post 3.7 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its stake in Tower International by 0.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 647,441 shares of the auto parts company’s stock worth $17,610,000 after purchasing an additional 2,015 shares during the period. State Street Corp boosted its stake in Tower International by 4.7% in the 2nd quarter. State Street Corp now owns 399,280 shares of the auto parts company’s stock worth $8,962,000 after purchasing an additional 17,814 shares during the period. California Public Employees Retirement System boosted its stake in Tower International by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 123,628 shares of the auto parts company’s stock worth $3,363,000 after purchasing an additional 6,728 shares during the period. EAM Investors LLC bought a new position in Tower International in the 4th quarter worth about $2,087,000. Finally, Russell Investments Group Ltd. boosted its stake in Tower International by 5.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 67,994 shares of the auto parts company’s stock worth $1,849,000 after purchasing an additional 3,316 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

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About Tower International

Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).

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