The stock of Titan International Inc (NYSE:TWI) hit a new 52-week high and has $16.16 target or 61.00% above today’s $10.04 share price. The 9 months bullish chart indicates low risk for the $574.18M company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $16.16 price target is reached, the company will be worth $350.25 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 306,776 shares traded hands. Titan International Inc (NYSE:TWI) has risen 117.14% since February 26, 2016 and is uptrending. It has outperformed by 106.71% the S&P500.
Analysts await Titan International Inc (NYSE:TWI) to report earnings on November, 4. They expect $-0.14 earnings per share, up 76.27% or $0.45 from last year’s $-0.59 per share. After $-0.04 actual earnings per share reported by Titan International Inc for the previous quarter, Wall Street now forecasts 250.00% negative EPS growth.
Titan International Inc (NYSE:TWI) Ratings Coverage
Out of 2 analysts covering Titan International Inc. (NYSE:TWI), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Titan International Inc. has been the topic of 2 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded Titan International Inc (NYSE:TWI) on Thursday, November 19 to “Sell” rating. As per Thursday, October 15, the company rating was initiated by Avondale.
According to Zacks Investment Research, “Titan International, Inc. is a global manufacturer of off-highway steel wheels and tires in the agricultural, earthmoving/construction and consumer markets. Titan generally manufactures both wheels and tires for these markets and provides the value-added service of assembling the completed wheel-tire system. They offer a broad range of different products that are manufactured in relatively short production runs to meet original equipment manufacturers’ specifications and/or aftermarket customer requirements.”
Insitutional Activity: The institutional sentiment is 1.17 in Q2 2016. Its the same as in 2016Q1. The ratio is without change, as 19 funds sold all Titan International Inc shares owned while 34 reduced positions. only 15 funds bought stakes while 47 increased positions. They now own 41.43 million shares or 3.90% more from 39.88 million shares in 2016Q1.
Moreover, Clarivest Asset Management Limited Com has 0.04% invested in Titan International Inc (NYSE:TWI) for 221,478 shares. Vanguard Grp Inc accumulated 0% or 2.58 million shares. Teton Advisors Inc accumulated 0.02% or 35,000 shares. Harvest Capital Strategies Limited Liability Corp reported 600,000 shares or 0.52% of all its holdings. Hightower Advsrs Ltd Liability holds 20,775 shares or 0% of its portfolio. The Maryland-based Price T Rowe Assoc Inc Md has invested 0% in Titan International Inc (NYSE:TWI). Fishman Jay A Limited Mi holds 2.72M shares or 0% of its portfolio. Cornerstone Capital Mgmt Hldgs Lc holds 0% of its portfolio in Titan International Inc (NYSE:TWI) for 89,800 shares. Stifel holds 0% of its portfolio in Titan International Inc (NYSE:TWI) for 11,545 shares. Ardsley Advisory Prtn has 215,000 shares for 0.23% of their US portfolio. The New York-based Kazazian Asset Mngmt Lc has invested 0.08% in Titan International Inc (NYSE:TWI). Barclays Public Limited Liability Corp has 0% invested in the company for 289 shares. Next Century Growth Ltd Liability Com has 0.1% invested in the company for 347,533 shares. Indexiq Advsr Limited Liability Co holds 0% of its portfolio in Titan International Inc (NYSE:TWI) for 12,505 shares. Blackrock Advisors Lc holds 21,907 shares or 0% of its portfolio.
More notable recent Titan International Inc (NYSE:TWI) news were published by: Fool.com which released: “Why Titan International Inc’s Shares Surged 39% in August” on September 09, 2016, also Fool.com with their article: “Titan International Inc. Finally Sees Growth on the Horizon” published on August 04, 2016, Fool.com published: “Titan International Inc. Struggles With Weak Demand” on May 05, 2016. More interesting news about Titan International Inc (NYSE:TWI) were released by: Prnewswire.com and their article: “Titan International, Inc. Announces Titan Tire Reclamation Opening” published on April 01, 2016 as well as Fool.com‘s news article titled: “Titan International Inc Reports a Loss, but Sees Signs of Improvement” with publication date: February 26, 2016.
TWI Company Profile
Titan International, Inc., incorporated on March 24, 2015, is a maker of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer divisions. The Firm operates through three divisions: agricultural, earthmoving/construction and consumer. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment. The Company’s earthmoving/construction market includes rims, wheels, tires and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military and construction equipment. The Company’s consumer market includes bias truck tires and light truck tires.
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