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

Titan International (NYSE:TWI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Separately, DA Davidson initiated coverage on shares of Titan International in a research note on Friday, December 13th. They set a “buy” rating and a $11.00 target price for the company.

Titan International Trading Up 0.1 %

TWI stock opened at $8.76 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. Titan International has a 1-year low of $6.34 and a 1-year high of $14.50. The business has a 50 day simple moving average of $7.64 and a two-hundred day simple moving average of $7.60. The company has a market capitalization of $552.79 million, a price-to-earnings ratio of -72.96 and a beta of 1.82.

Hedge Funds Weigh In On Titan International

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 3,132 shares during the last quarter. Quarry LP bought a new stake in Titan International during the third quarter worth approximately $41,000. FMR LLC increased its stake 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 last quarter. KLP Kapitalforvaltning AS purchased a new stake in Titan International during the fourth quarter valued at approximately $54,000. Finally, Mraz Amerine & Associates Inc. bought a new stake in shares of Titan International in the 4th quarter valued at approximately $74,000. Institutional investors own 80.39% of the company’s stock.

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.