Worth Watching: Is Titan International Inc a Buy? The Stock Rises Again

Worth Watching: Is Titan International Inc a Buy? The Stock Rises Again

The stock of Titan International Inc (NYSE:TWI) is a huge mover today! About 337,855 shares traded hands. Titan International Inc (NYSE:TWI) has risen 82.34% since April 4, 2016 and is uptrending. It has outperformed by 81.25% the S&P500.
The move comes after 7 months positive chart setup for the $531.94M company. It was reported on Nov, 4 by Barchart.com. We have $15.04 PT which if reached, will make NYSE:TWI worth $255.33M more.

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 firm earned “Sell” rating on Thursday, November 19 by Goldman Sachs. Avondale initiated the shares of TWI in a report on Thursday, October 15 with “Market Perform” rating.

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 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.
Tiaa Cref Limited, a New York-based fund reported 201,837 shares. Hightower Advisors Ltd Liability Corporation accumulated 20,775 shares or 0% of the stock. Indexiq Advsr Limited Liability Co last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement accumulated 45,567 shares or 0% of the stock. Pdts Prtn Lc, a New York-based fund reported 75,301 shares. Blackrock last reported 12,483 shares in the company. The Michigan-based Fishman Jay A Limited Mi has invested 0% in Titan International Inc (NYSE:TWI). Jpmorgan Chase And Company has 0% invested in the company for 176,296 shares. Bank & Trust Of America Corp De holds 278,814 shares or 0% of its portfolio. Addison Clark Ltd Liability Corporation holds 3.21% or 327,727 shares in its portfolio. Point72 Asset Mngmt L P accumulated 10,200 shares or 0% of the stock. Moreover, Fin Engines Lc has 0.21% invested in Titan International Inc (NYSE:TWI) for 40,498 shares. Wells Fargo & Communication Mn accumulated 12,708 shares or 0% of the stock. The Illinois-based Pekin Singer Strauss Asset Mngmt Il has invested 2.09% in Titan International Inc (NYSE:TWI). Arizona State Retirement Systems reported 22,731 shares or 0% of all its holdings.

More notable recent Titan International Inc (NYSE:TWI) news were published by: Fool.com which released: “Titan International Inc. Finally Sees Growth on the Horizon” on August 04, 2016, also Fool.com with their article: “Titan International Inc Reports a Loss, but Sees Signs of Improvement” published on February 26, 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 Prnewswire.com‘s news article titled: “Titan International, Inc. Announces Q3 2016 Earnings Conference Call & Webcast” with publication date: October 20, 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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