Titan International (NYSE:TWI) Upgraded to “Hold” at StockNews.com

Titan International (NYSE:TWI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other analysts also recently commented on TWI. Cantor Fitzgerald began coverage on shares of Titan International in a research report on Thursday, March 20th. They issued an “overweight” rating and a $11.00 target price for the company. DA Davidson started coverage on shares of Titan International in a report on Friday, December 13th. They issued a “buy” rating and a $11.00 price objective for the company.

Titan International Trading Down 4.1 %

Shares of NYSE TWI opened at $8.60 on Friday. The business has a 50 day simple moving average of $8.56 and a 200 day simple moving average of $7.74. Titan International has a 52 week low of $6.34 and a 52 week high of $12.77. The stock has a market cap of $543.31 million, a price-to-earnings ratio of -71.64 and a beta of 1.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38.

Institutional Investors Weigh In On Titan International

A number of large investors have recently added to or reduced their stakes in TWI. Quarry LP bought a new position in shares of Titan International in the third quarter valued at approximately $41,000. FMR LLC raised its holdings in Titan International by 43.7% in the 3rd 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. GAMMA Investing LLC raised its holdings in Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 3,132 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Titan International during the 4th quarter worth $54,000. Finally, Balyasny Asset Management L.P. bought a new stake in Titan International during the fourth quarter valued at about $74,000. Institutional investors 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.