Titan International (NYSE:TWI - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Wednesday.
Separately, DA Davidson began 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.
Get Our Latest Report on Titan International
Titan International Price Performance
Shares of TWI traded up $0.11 during midday trading on Wednesday, hitting $8.86. 382,972 shares of the company traded hands, compared to its average volume of 726,601. Titan International has a 52 week low of $6.34 and a 52 week high of $14.50. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The firm has a 50 day moving average of $7.71 and a 200-day moving average of $7.61. The stock has a market cap of $559.10 million, a price-to-earnings ratio of -73.79 and a beta of 1.82.
Institutional Investors Weigh In On Titan International
Several institutional investors have recently made changes to their positions in the company. Creative Planning purchased a new stake in shares of Titan International during the second quarter valued at $301,000. Sanctuary Advisors LLC purchased a new position in shares of Titan International during the second quarter worth approximately $206,000. SG Americas Securities LLC raised its stake in shares of Titan International by 124.3% during the third quarter. SG Americas Securities LLC now owns 30,703 shares of the industrial products company's stock valued at $250,000 after acquiring an additional 17,015 shares in the last quarter. Koss Olinger Consulting LLC boosted its holdings in shares of Titan International by 9.7% in the third quarter. Koss Olinger Consulting LLC now owns 48,681 shares of the industrial products company's stock valued at $396,000 after purchasing an additional 4,309 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in shares of Titan International in the 3rd quarter worth $180,000. Institutional investors own 80.39% of the company's stock.
Titan International Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Titan International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Titan International wasn't on the list.
While Titan International currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
