Titan International (NYSE:TWI) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Titan International from “sell” to “hold”, and the broader analyst view now sits at a consensus Hold with a $12.00 price target.
• The stock was down 1.6% and opened at $7.89, well below its 52-week high of $11.70; Titan also carries a market cap of about $507.6 million.
• Recent fundamentals were mixed: Titan reported a $0.38 EPS loss versus expectations for a small profit, though revenue of $505.1 million came in above estimates.

Titan International (NYSE:TWI - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

Several other equities analysts also recently issued reports on TWI. Weiss Ratings reiterated a "sell (d-)" rating on shares of Titan International in a research report on Wednesday, April 22nd. DA Davidson set a $13.00 target price on Titan International in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $12.00.

Titan International Trading Down 1.6%

Shares of Titan International stock opened at $7.89 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.19 and a debt-to-equity ratio of 1.15. Titan International has a fifty-two week low of $6.43 and a fifty-two week high of $11.70. The business's fifty day moving average is $8.01 and its two-hundred day moving average is $8.42. The firm has a market cap of $507.56 million, a PE ratio of -5.76 and a beta of 1.50.

Titan International (NYSE:TWI - Get Free Report) last posted its earnings results on Thursday, April 30th. The industrial products company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.39). Titan International had a negative net margin of 4.72% and a negative return on equity of 3.00%. The firm had revenue of $505.07 million for the quarter, compared to analyst estimates of $497.23 million. Analysts anticipate that Titan International will post -0.09 earnings per share for the current year.

Insider Activity at Titan International

In other Titan International news, major shareholder Aipct Holdings Llc sold 3,041,288 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $8.95, for a total transaction of $27,219,527.60. Following the sale, the insider directly owned 8,880,478 shares in the company, valued at approximately $79,480,278.10. The trade was a 25.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 25.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in Titan International during the third quarter worth approximately $27,000. Federated Hermes Inc. acquired a new position in shares of Titan International during the 3rd quarter valued at $31,000. Russell Investments Group Ltd. increased its position in shares of Titan International by 22,000.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,199 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 4,180 shares during the period. Strs Ohio bought a new stake in shares of Titan International in the 3rd quarter worth $36,000. Finally, Quantbot Technologies LP bought a new stake in shares of Titan International in the 2nd quarter worth $46,000. Institutional investors and hedge funds own 80.39% of the company's stock.

Titan International Company Profile

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan's product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.

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