Titan International (NYSE:TWI) Now Covered by Analysts at Noble Financial

Analysts at Noble Financial started coverage on shares of Titan International (NYSE:TWI - Get Free Report) in a report released on Wednesday, Marketbeat reports. The firm set an "outperform" rating and a $11.00 price target on the industrial products company's stock. Noble Financial's price target points to a potential upside of 43.12% from the company's current price.

Other research analysts also recently issued research reports about the company. Wall Street Zen upgraded Titan International from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Cantor Fitzgerald assumed coverage on Titan International in a research report on Thursday, March 20th. They set an "overweight" rating and a $11.00 price objective on the stock.

Titan International Price Performance

NYSE:TWI traded up $0.12 during trading hours on Wednesday, hitting $7.69. 506,554 shares of the company's stock traded hands, compared to its average volume of 716,554. The firm has a market cap of $489.63 million, a P/E ratio of -64.05 and a beta of 1.95. Titan International has a 52 week low of $5.93 and a 52 week high of $9.60. The business's fifty day simple moving average is $7.16 and its two-hundred day simple moving average is $7.64. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84.

Titan International (NYSE:TWI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Titan International had a negative net margin of 0.51% and a positive return on equity of 5.76%. The firm had revenue of $490.71 million for the quarter, compared to analysts' expectations of $466.86 million. On average, research analysts anticipate that Titan International will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Titan International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWI. Brooklyn Investment Group lifted its position in Titan International by 1,286.4% in the 1st quarter. Brooklyn Investment Group now owns 5,934 shares of the industrial products company's stock valued at $50,000 after acquiring an additional 5,506 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Titan International in the 4th quarter valued at approximately $54,000. Mraz Amerine & Associates Inc. bought a new position in Titan International in the 4th quarter valued at approximately $74,000. First Trust Advisors LP bought a new position in Titan International in the 4th quarter valued at approximately $74,000. Finally, Balyasny Asset Management L.P. bought a new position in Titan International in the 4th quarter valued at approximately $74,000. 80.39% of the stock is owned by institutional investors.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.