Titan International (NYSE:TWI) Coverage Initiated at DA Davidson

Analysts at DA Davidson initiated coverage on shares of Titan International (NYSE:TWI - Get Free Report) in a report issued on Friday, MarketBeat Ratings reports. The firm set a "buy" rating and a $11.00 price target on the industrial products company's stock. DA Davidson's price target points to a potential upside of 34.64% from the company's previous close.

Separately, StockNews.com raised shares of Titan International from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th.

Titan International Trading Up 6.8 %

Shares of TWI stock traded up $0.52 on Friday, reaching $8.17. The company had a trading volume of 824,329 shares, compared to its average volume of 544,865. The stock has a market cap of $515.85 million, a PE ratio of -68.08 and a beta of 1.83. The company has a 50-day moving average of $7.19 and a 200-day moving average of $7.61. 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 12 month low of $6.34 and a 12 month high of $15.33.

Institutional Investors Weigh In On Titan International

A number of hedge funds have recently modified their holdings of TWI. Pacer Advisors Inc. increased its stake in Titan International by 35.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company's stock worth $33,194,000 after purchasing an additional 1,175,857 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Titan International by 31.9% during the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company's stock worth $13,083,000 after acquiring an additional 388,864 shares in the last quarter. LSV Asset Management raised its holdings in shares of Titan International by 6.1% during the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company's stock worth $6,138,000 after acquiring an additional 47,600 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Titan International by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company's stock worth $4,118,000 after purchasing an additional 6,112 shares during the period. Finally, Grace & White Inc. NY increased its holdings in Titan International by 68.7% during the 2nd quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company's stock worth $2,992,000 after purchasing an additional 164,500 shares in the last quarter. Institutional investors and hedge funds own 80.39% of the company's stock.

About Titan International

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.