Titan International (NYSE:TWI) Coverage Initiated at Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald initiated coverage on shares of Titan International (NYSE:TWI) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $11.00 price target on the industrial products company’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 26.22% from the company’s previous close.

TWI has been the subject of a number of other research reports. StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. DA Davidson initiated coverage on shares of Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective for the company.

Titan International Stock Performance

Shares of TWI opened at $8.72 on Thursday. Titan International has a 12-month low of $6.34 and a 12-month high of $12.94. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The company has a market cap of $550.77 million, a PE ratio of -72.63 and a beta of 1.77. The stock has a 50-day moving average price of $8.38 and a 200-day moving average price of $7.71.

Institutional Trading of Titan International

A number of hedge funds have recently bought and sold shares of TWI. Victory Capital Management Inc. lifted its holdings in shares of Titan International by 31.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after acquiring an additional 388,864 shares during the last quarter. Quest Partners LLC purchased a new stake in Titan International during the third quarter valued at about $159,000. Intech Investment Management LLC purchased a new stake in Titan International during the 3rd quarter valued at about $117,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Titan International by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock worth $4,118,000 after purchasing an additional 6,112 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Titan International during the 3rd quarter valued at $444,000. Institutional investors own 80.39% of the company’s stock.

About Titan International

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.