Jefferies analyst Stephen Volkmann reiterated a Hold rating on Titan International (NYSE: TWI) yesterday and set a price target of $8.50. The company’s shares closed yesterday at $7.03, close to its 52-week low of $6.83.
According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 17.8% and a 69.1% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Parker Hannifin, and Timken Company.
Titan International has an analyst consensus of Hold, with a price target consensus of $8.50, which is a 20.9% upside from current levels. In a report issued on August 3, William Blair also downgraded the stock to Hold.
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Based on Titan International’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.02 million. In comparison, last year the company had a GAAP net loss of $10.33 million.
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Titan International, Inc. is a holding company, which engages in the manufacture of wheels, tires, and undercarriage industrial. It operates through the following segments: Agricultural, Earthmoving and Construction, and Consumer.
