Titan International Inc. (NYSE:TWI) had its price target raised by Jefferies Group from $8.00 to $11.50 in a report issued on Tuesday morning. The brokerage currently has a hold rating on the stock.
Separately, Zacks Investment Research raised shares of Titan International from a hold rating to a buy rating and set a $11.00 price objective on the stock in a report on Thursday, October 6th.
Shares of Titan International (NYSE:TWI) opened at 10.43 on Tuesday. The firm has a 50 day moving average of $9.50 and a 200 day moving average of $7.40. Titan International has a one year low of $2.50 and a one year high of $10.91. The stock’s market cap is $563.70 million.
Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). Titan International had a negative net margin of 8.44% and a negative return on equity of 17.71%. The business had revenue of $330.20 million for the quarter, compared to analysts’ expectations of $330.92 million. During the same quarter last year, the company earned $0.02 EPS. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, equities research analysts predict that Titan International will post ($0.48) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a dividend of $0.005 per share. The ex-dividend date was Wednesday, September 28th. This represents a $0.02 annualized dividend and a yield of 0.19%. Titan International’s payout ratio is -0.91%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its position in Titan International by 4.8% in the first quarter. Prudential Financial Inc. now owns 103,625 shares of the company’s stock valued at $558,000 after buying an additional 4,700 shares during the last quarter. Geode Capital Management LLC raised its position in Titan International by 1.4% in the first quarter. Geode Capital Management LLC now owns 307,208 shares of the company’s stock valued at $1,652,000 after buying an additional 4,125 shares during the period. Harvest Capital Strategies LLC raised its position in Titan International by 240.4% in the first quarter. Harvest Capital Strategies LLC now owns 1,000,000 shares of the company’s stock valued at $5,380,000 after buying an additional 706,224 shares during the period. Metropolitan Life Insurance Co. NY acquired a new position in Titan International during the first quarter valued at $181,000. Finally, Clear Harbor Asset Management LLC raised its position in Titan International by 3.6% in the first quarter. Clear Harbor Asset Management LLC now owns 148,555 shares of the company’s stock valued at $799,000 after buying an additional 5,100 shares during the period. 77.08% of the stock is currently owned by hedge funds and other institutional investors.
Titan International Company Profile