Titan International (NYSE:TWI) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Titan International (NYSE:TWI - Get Free Report) in a research report issued on Thursday, MarketBeat.com reports. The firm set an "overweight" rating and a $11.00 price target on the industrial products company's stock. Cantor Fitzgerald's price objective points to a potential upside of 23.11% from the company's current price.

A number of other equities analysts have also recently commented on TWI. DA Davidson initiated coverage on shares of Titan International in a research report on Friday, December 13th. They set a "buy" rating and a $11.00 price objective for the company. StockNews.com upgraded shares of Titan International from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th.

Titan International Stock Performance

Shares of TWI traded up $0.22 during mid-day trading on Thursday, reaching $8.94. The company's stock had a trading volume of 930,258 shares, compared to its average volume of 672,621. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. Titan International has a 1-year low of $6.34 and a 1-year high of $12.77. The business has a 50-day simple moving average of $8.42 and a two-hundred day simple moving average of $7.71. The stock has a market cap of $564.67 million, a P/E ratio of -74.46 and a beta of 1.77.

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Institutional Trading of Titan International

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Titan International by 136.2% during the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock worth $37,000 after buying an additional 3,132 shares during the period. Quarry LP bought a new position in Titan International during the third quarter worth about $41,000. FMR LLC increased its position in Titan International by 43.7% during the third quarter. FMR LLC now owns 5,343 shares of the industrial products company's stock worth $43,000 after acquiring an additional 1,625 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Titan International in the 4th quarter worth about $54,000. Finally, Mraz Amerine & Associates Inc. bought a new stake in Titan International in the 4th quarter valued at about $74,000. 80.39% of the stock is owned by institutional investors and hedge funds.

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.