Titan International Inc (TWI) Receives “Underperform” Rating from Jefferies Group LLC

Jefferies Group LLC reissued their underperform rating on shares of Titan International Inc (NYSE:TWI) in a research note published on Friday, April 14th. They currently have a $14.00 target price on the industrial products company’s stock, up from their previous target price of $11.50.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Titan International from a hold rating to a buy rating and set a $15.00 target price on the stock in a research note on Wednesday, February 1st. William Blair raised Titan International from a market perform rating to an outperform rating in a research note on Friday, January 27th. Aegis initiated coverage on Titan International in a research note on Friday, December 23rd. They set a buy rating and a $15.00 target price on the stock. Finally, Feltl & Co. reiterated a buy rating on shares of Titan International in a report on Thursday, March 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $14.33.

Titan International (NYSE:TWI) traded up 7.20% during midday trading on Friday, hitting $10.42. The stock had a trading volume of 402,846 shares. The company’s market cap is $621.63 million. The firm’s 50-day moving average price is $10.24 and its 200 day moving average price is $11.29. Titan International has a 12 month low of $5.76 and a 12 month high of $14.23.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, May 4th. The industrial products company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.09. Titan International had a negative return on equity of 12.49% and a negative net margin of 6.86%. The company had revenue of $357.50 million for the quarter, compared to the consensus estimate of $332.14 million. During the same period in the previous year, the firm earned ($0.33) earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. On average, analysts expect that Titan International will post ($0.08) earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Titan International by 13.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,713,774 shares of the industrial products company’s stock worth $38,400,000 after buying an additional 432,707 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Titan International by 9.0% in the third quarter. BlackRock Fund Advisors now owns 3,218,690 shares of the industrial products company’s stock valued at $32,573,000 after buying an additional 265,269 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Titan International by 8.7% in the first quarter. Vanguard Group Inc. now owns 3,058,650 shares of the industrial products company’s stock valued at $31,626,000 after buying an additional 244,283 shares in the last quarter. Fishman Jay A Ltd. MI raised its stake in shares of Titan International by 2.1% in the first quarter. Fishman Jay A Ltd. MI now owns 2,730,882 shares of the industrial products company’s stock valued at $28,237,000 after buying an additional 55,095 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Titan International by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,606,000 shares of the industrial products company’s stock valued at $29,213,000 after buying an additional 193,200 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

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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