Titan International (NYSE:TWI) Now Covered by Cantor Fitzgerald

Analysts at Cantor Fitzgerald initiated coverage on shares of Titan International (NYSE:TWI) in a report issued on Thursday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $11.00 price target on the industrial products company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 30.10% from the company’s previous close.

TWI has been the subject of several other reports. 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 target price for the company. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

Titan International Trading Up 2.9 %

Shares of Titan International stock opened at $8.46 on Thursday. Titan International has a 1 year low of $6.34 and a 1 year high of $12.95. The firm has a market cap of $534.34 million, a PE ratio of -70.46 and a beta of 1.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The company has a 50 day simple moving average of $8.29 and a two-hundred day simple moving average of $7.70.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TWI. Victory Capital Management Inc. raised its stake 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. Quest Partners LLC purchased a new position in shares of Titan International during the third quarter worth approximately $159,000. Intech Investment Management LLC purchased a new position in shares of Titan International during the third quarter worth approximately $117,000. Charles Schwab Investment Management Inc. raised its stake in shares of Titan International by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock worth $4,118,000 after acquiring an additional 6,112 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Titan International during the third quarter worth approximately $444,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

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.