DA Davidson Initiates Coverage on Titan International (NYSE:TWI)

Equities researchers at DA Davidson assumed coverage on shares of Titan International (NYSE:TWI) in a research report issued on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $11.00 price target on the industrial products company’s stock. DA Davidson’s price objective would suggest a potential upside of 34.64% from the company’s current price.

Separately, StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

Titan International Stock Performance

Shares of Titan International stock opened at $8.17 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average of $7.20 and a 200-day moving average of $7.60. Titan International has a 1-year low of $6.34 and a 1-year high of $15.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in shares of Titan International by 35.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock valued at $33,194,000 after purchasing an additional 1,175,857 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Titan International by 31.9% during the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after buying an additional 388,864 shares during the last quarter. LSV Asset Management grew its stake in shares of Titan International by 6.1% during the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after buying an additional 47,600 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Titan International by 1.2% during 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 buying an additional 6,112 shares in the last quarter. Finally, Grace & White Inc. NY lifted its stake in shares of Titan International by 68.7% in the 2nd quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company’s stock valued at $2,992,000 after acquiring an additional 164,500 shares during the last quarter. Institutional investors and hedge funds 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.