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

Cantor Fitzgerald assumed coverage on shares of Titan International (NYSE:TWI) in a research note released on Thursday, MarketBeat reports. The firm issued an overweight rating and a $11.00 target price on the industrial products company’s stock.

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

Titan International Stock Down 3.3 %

Shares of NYSE TWI opened at $8.72 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The firm has a market capitalization of $550.77 million, a price-to-earnings 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. Titan International has a 52-week low of $6.34 and a 52-week high of $12.77.

Hedge Funds Weigh In On Titan International

Hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Titan International in the 3rd quarter valued at $41,000. FMR LLC increased its position in shares of Titan International by 43.7% in the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 1,625 shares during the period. GAMMA Investing LLC increased its position in shares of Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 3,132 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Titan International in the 4th quarter valued at $54,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Titan International in the 4th quarter valued at $74,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Titan International Company Profile

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.