Tower International (NYSE:TOWR) had its price objective lowered by Citigroup from $34.00 to $28.00 in a report released on Friday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price target suggests a potential upside of 7.28% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. ValuEngine lowered shares of Tower International from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Zacks Investment Research upgraded shares of Tower International from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Tower International has an average rating of “Hold” and a consensus target price of $34.00.

Shares of NYSE TOWR opened at $26.10 on Friday. The stock has a market capitalization of $623.27 million, a PE ratio of 6.94, a price-to-earnings-growth ratio of 0.92 and a beta of 2.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 1.16. Tower International has a 1 year low of $24.25 and a 1 year high of $36.65.

Tower International (NYSE:TOWR) last issued its earnings results on Tuesday, July 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.01. The company had revenue of $556.01 million for the quarter, compared to analyst estimates of $554.90 million. Tower International had a net margin of 2.39% and a return on equity of 28.42%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. Analysts expect that Tower International will post 4.12 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Swiss National Bank boosted its holdings in shares of Tower International by 6.6% during the 1st quarter. Swiss National Bank now owns 35,700 shares of the auto parts company’s stock worth $991,000 after purchasing an additional 2,200 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Tower International by 18.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 325,207 shares of the auto parts company’s stock worth $9,025,000 after purchasing an additional 51,028 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Tower International by 1.5% during the 1st quarter. Northern Trust Corp now owns 217,161 shares of the auto parts company’s stock worth $6,026,000 after purchasing an additional 3,169 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Tower International by 34.7% during the 1st quarter. New York State Common Retirement Fund now owns 57,386 shares of the auto parts company’s stock worth $1,592,000 after purchasing an additional 14,774 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Tower International by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,282,633 shares of the auto parts company’s stock worth $35,593,000 after purchasing an additional 61,233 shares during the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.

Tower International Company Profile

Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.

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Analyst Recommendations for Tower International (NYSE:TOWR)

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