Titan International (NYSE:TWI) Coverage Initiated at DA Davidson

Analysts at DA Davidson started coverage on shares of Titan International (NYSE:TWI) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $11.00 price target on the industrial products company’s stock. DA Davidson’s price target indicates a potential upside of 34.64% from the stock’s current price.

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

Titan International Stock Up 6.8 %

Shares of NYSE:TWI opened at $8.17 on Friday. Titan International has a 52-week low of $6.34 and a 52-week high of $15.33. 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 50-day simple moving average of $7.20 and a 200 day simple moving average of $7.60.

Institutional Trading of Titan International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Villanova Investment Management Co LLC acquired a new stake in Titan International during the third quarter worth approximately $1,110,000. Victory Capital Management Inc. increased 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 purchasing an additional 388,864 shares during the period. Donald Smith & CO. Inc. acquired a new stake in Titan International during the 3rd quarter worth approximately $3,234,000. Charles Schwab Investment Management Inc. boosted its stake in Titan International by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after purchasing an additional 6,112 shares during the period. Finally, Creative Planning grew its holdings in Titan International by 80.2% in the 3rd quarter. Creative Planning now owns 73,151 shares of the industrial products company’s stock valued at $595,000 after buying an additional 32,562 shares in the last quarter. 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.