Jefferies analyst Stephen Volkmann reiterated a Hold rating on Titan International (NYSE: TWI) yesterday and set a price target of $12. The company’s shares closed yesterday at $10.28.
According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 18.0% and a 68.8% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Parker Hannifin, and Timken Company.
Currently, the analyst consensus on Titan International is a Hold with an average price target of $12.
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Based on Titan International’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $14.02 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.
