Titan International (NYSE:TWI) Now Covered by Cantor Fitzgerald

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

Several other analysts have also commented on TWI. DA Davidson assumed coverage on shares of 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 upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

Titan International Stock Up 7.0 %

NYSE:TWI opened at $9.05 on Thursday. The firm has a market capitalization of $571.63 million, a P/E ratio of -75.38 and a beta of 1.77. Titan International has a 1-year low of $6.34 and a 1-year high of $12.95. The company’s fifty day moving average price is $8.34 and its 200-day moving average price is $7.71. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Hedge Funds Weigh In On Titan International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWI. Victory Capital Management Inc. lifted its holdings in 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 valued at $13,083,000 after purchasing an additional 388,864 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Titan International in the third quarter worth about $159,000. Intech Investment Management LLC purchased a new position in shares of Titan International in the third quarter worth about $117,000. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 6,112 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Titan International in the third quarter worth about $444,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

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.