Tower International Inc. (NYSE:TOWR) has earned an average recommendation of “Hold” from the six analysts that are currently covering the company. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $28.67.
Several research analysts have recently commented on the company. Zacks Investment Research raised Tower International from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, September 14th. Seaport Global Securities assumed coverage on Tower International in a research report on Tuesday, August 9th. They issued a “buy” rating and a $35.00 price target for the company. Wells Fargo & Co. reissued a “hold” rating and issued a $24.00 price target on shares of Tower International in a research report on Monday, July 18th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Tower International in a research report on Wednesday, July 27th.
Tower International (NYSE:TOWR) opened at 22.84 on Friday. The company has a market cap of $480.83 million, a P/E ratio of 2.97 and a beta of 1.85. The stock has a 50 day moving average price of $23.77 and a 200 day moving average price of $23.15. Tower International has a 1-year low of $18.75 and a 1-year high of $31.41.
Tower International (NYSE:TOWR) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The firm earned $505.10 million during the quarter, compared to analyst estimates of $504.70 million. Tower International had a return on equity of 162.08% and a net margin of 8.31%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. On average, equities research analysts anticipate that Tower International will post $3.20 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of TOWR. Quantbot Technologies LP purchased a new stake in Tower International during the second quarter valued at $159,000. Gamco Investors INC. ET AL increased its stake in Tower International by 2.6% in the second quarter. Gamco Investors INC. ET AL now owns 12,000 shares of the company’s stock valued at $247,000 after buying an additional 300 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in Tower International during the second quarter valued at $311,000. Icon Advisers Inc. Co. purchased a new stake in Tower International during the second quarter valued at $311,000. Finally, Boothbay Fund Management LLC increased its stake in Tower International by 111.5% in the first quarter. Boothbay Fund Management LLC now owns 19,165 shares of the company’s stock valued at $521,000 after buying an additional 10,102 shares during the last quarter. Institutional investors and hedge funds own 92.24% of the company’s stock.
About Tower International
Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company operates in two segments: Americas and International. The International segment consists of Europe and Asia, and the Americas segment consists of North America and South America.
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