Titan International (TWI) : 4 Wall Street analysts covering Titan International (TWI) believe that the average level the stock could reach for the short term is $9.75. The maximum price target given is $12 and the minimum target for short term is around $7, hence the standard deviation is calculated at $2.63.
Titan International (TWI) : 1 brokerage houses believe that Titan International (TWI) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Titan International (TWI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.
Also, Jefferies maintains its view on Titan International (NYSE:TWI) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies raises the price target from $6 per share to $8 per share on Titan International . The rating by the firm was issued on August 5, 2016.
Titan International (NYSE:TWI): The stock opened at $9.19 on Thursday but the bulls could not build on the opening and the stock topped out at $9.19 for the day. The stock traded down to $8.95 during the day, due to lack of any buying support eventually closed down at $9.07 with a loss of -1.31% for the day. The stock had closed at $9.19 on the previous day. The total traded volume was 478,950 shares.
Titan International, Inc. together with its subsidiaries manufactures wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates in three segments: agricultural, earthmoving/construction and consumer. Titans agricultural segment includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment. Titans earthmoving/construction segment includes rims, wheels, tires and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military and construction equipment. The Companys consumer segment includes bias truck tires in Latin America and light truck tires in Russia, as well as products for all-terrain vehicles (ATVs) and recreational/utility trailers.