Tower International, Inc. (TOWR) Upgraded at BidaskClub

Tower International, Inc. (NYSE:TOWR) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Tower International from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. FBR & Co reiterated an “outperform” rating and issued a $40.00 price objective on shares of Tower International in a report on Monday, June 12th. Finally, Zacks Investment Research upgraded shares of Tower International from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a report on Thursday, July 20th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.25.

Shares of Tower International (NYSE:TOWR) opened at 23.40 on Friday. The firm’s 50-day moving average price is $22.98 and its 200-day moving average price is $24.26. The company has a market capitalization of $480.19 million, a price-to-earnings ratio of 6.81 and a beta of 2.65. Tower International has a 12 month low of $20.85 and a 12 month high of $30.50.

Tower International (NYSE:TOWR) last announced its quarterly earnings results on Wednesday, July 26th. The auto parts company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. Tower International had a net margin of 3.76% and a return on equity of 33.20%. The company had revenue of $489.93 million for the quarter, compared to analyst estimates of $494.87 million. During the same quarter last year, the business earned $0.81 earnings per share. Tower International’s revenue was down 3.0% compared to the same quarter last year. Equities research analysts expect that Tower International will post $3.63 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Tower International by 2.0% in the second quarter. Thompson Siegel & Walmsley LLC now owns 29,524 shares of the auto parts company’s stock valued at $663,000 after acquiring an additional 577 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Tower International by 7.1% in the first quarter. American International Group Inc. now owns 12,627 shares of the auto parts company’s stock valued at $342,000 after acquiring an additional 833 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Tower International by 9.1% in the first quarter. Gamco Investors INC. ET AL now owns 10,800 shares of the auto parts company’s stock valued at $293,000 after acquiring an additional 900 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Tower International by 2.6% in the first quarter. Teachers Advisors LLC now owns 37,704 shares of the auto parts company’s stock valued at $1,022,000 after acquiring an additional 949 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Tower International by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 263,023 shares of the auto parts company’s stock valued at $5,905,000 after acquiring an additional 1,136 shares in the last quarter. Institutional investors and hedge funds own 88.68% of the company’s stock.

Tower International Company Profile

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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