Titan International Inc (TWI)

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Titan International Given New $21.00 Price Target at FBR Capital Markets (TWI)

Posted by Joseph Griffin on Dec 6th, 2013 // No Comments

Titan International (NYSE:TWI) had its target price boosted by FBR Capital Markets from $19.00 to $21.00 in a report issued on Thursday, Analyst Ratings.Net reports. They currently have an outperform rating on the stock.

Shares of Titan International (NYSE:TWI) traded down 0.59% during mid-day trading on Thursday, hitting $16.98. The stock had a trading volume of 179,998 shares. Titan International has a 52-week low of $14.14 and a 52-week high of $27.12. The stock’s 50-day moving average is $15.56 and its 200-day moving average is $16.93. The company has a market cap of $909.3 million and a price-to-earnings ratio of 20.07.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.10. The company had revenue of $497.50 million for the quarter, compared to the consensus estimate of $533.99 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 22.9% on a year-over-year basis. Analysts expect that Titan International will post $0.93 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer cut their price target on shares of Titan International from $21.00 to $19.00 in a research note to investors on Monday, November 4th. They now have an outperform rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Titan International from $18.00 to $16.00 in a research note to investors on Wednesday, October 30th. They now have a hold rating on the stock. Finally, analysts at Janney Montgomery Scott cut their price target on shares of Titan International from $14.00 to $12.00 in a research note to investors on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $16.89.

Titan International, Inc (NYSE:TWI) through its subsidiaries, is engaged in the manufacturing of wheels and tires.

http://tickerreport.com/banking-finance/85611/titan-international-given-new-21-00-price-target-at-fbr-capital-markets-twi/