Worth Watching: After Today’s Big Decline, Is Titan International Inc’s Near-Term Analysis Negative?

Worth Watching: After Today's Big Decline, Is Titan International Inc's Near Term Analysis Negative?

The stock of Titan International Inc (NYSE:TWI) is a huge mover today! The stock decreased 2.77% or $0.28 during the last trading session, hitting $9.84. About 394,799 shares traded hands. Titan International Inc (NYSE:TWI) has risen 92.56% since March 1, 2016 and is uptrending. It has outperformed by 80.35% the S&P500.
The move comes after 7 months negative chart setup for the $537.66M company. It was reported on Oct, 4 by Barchart.com. We have $9.25 PT which if reached, will make NYSE:TWI worth $32.26 million less.

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. The stock has “Market Perform” rating given by Avondale on Thursday, October 15. The rating was downgraded by Goldman Sachs on Thursday, November 19 to “Sell”.

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 2016 Q2. Its the same as in 2016Q1. The ratio is the same, 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.
Bnp Paribas Arbitrage holds 13,625 shares or 0% of its portfolio. Moreover, Brandywine Inv has 0.04% invested in Titan International Inc (NYSE:TWI) for 905,092 shares. Louisiana State Employees Retirement Systems has 19,400 shares for 0.01% of their US portfolio. Legal And General Group Public Ltd last reported 0% of its portfolio in the stock. Vanguard Gru holds 2.58M shares or 0% of its portfolio. Moreover, Pnc Svcs Grp has 0% invested in Titan International Inc (NYSE:TWI) for 524 shares. State Of Tennessee Treasury Department has 34,821 shares for 0% of their US portfolio. The Pennsylvania-based Staley Cap Advisers Inc has invested 1.47% in Titan International Inc (NYSE:TWI). Aqr Mgmt holds 0% of its portfolio in Titan International Inc (NYSE:TWI) for 16,789 shares. Davenport Co Lc holds 0% or 22,300 shares in its portfolio. Livingston Grp Inc Asset Management Company (Operating As Southport Capital Management) accumulated 0.04% or 11,500 shares. State Board Of Administration Of Florida Retirement System holds 0% of its portfolio in Titan International Inc (NYSE:TWI) for 45,567 shares. Da Davidson & holds 0% or 2,000 shares in its portfolio. Next Century Growth Investors Lc last reported 347,533 shares in the company. Alliancebernstein L P accumulated 14,020 shares or 0% of the stock.

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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