Tower International (TOWR) Stock Rating Lowered by ValuEngine
TOWR has been the topic of several other research reports. Roth Capital set a $32.00 price target on Tower International and gave the company a “buy” rating in a research note on Thursday, February 14th. Zacks Investment Research lowered Tower International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Seaport Global Securities began coverage on Tower International in a report on Wednesday, February 13th. They issued a “neutral” rating for the company. Finally, TheStreet downgraded Tower International from a “b-” rating to a “c+” rating in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Tower International currently has an average rating of “Hold” and an average target price of $29.00.
Shares of TOWR opened at $19.79 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.19 and a debt-to-equity ratio of 1.53. Tower International has a 12-month low of $19.08 and a 12-month high of $36.65. The firm has a market cap of $409.44 million, a PE ratio of 5.65 and a beta of 2.07.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oberweis Asset Management Inc. increased its holdings in Tower International by 21.5% in the fourth quarter. Oberweis Asset Management Inc. now owns 19,180 shares of the auto parts company’s stock valued at $456,000 after purchasing an additional 3,400 shares during the last quarter. Prudential PLC increased its holdings in Tower International by 2.8% in the fourth quarter. Prudential PLC now owns 555,800 shares of the auto parts company’s stock valued at $13,228,000 after purchasing an additional 15,300 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Tower International by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 194,055 shares of the auto parts company’s stock valued at $5,870,000 after purchasing an additional 5,071 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in Tower International in the fourth quarter valued at about $432,000. Finally, California Public Employees Retirement System increased its holdings in Tower International by 14.3% in the fourth quarter. California Public Employees Retirement System now owns 83,825 shares of the auto parts company’s stock valued at $1,995,000 after purchasing an additional 10,467 shares during the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.
Tower International Company Profile
Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Brazil. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.
See Also: What is a put option?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Tower International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower International and related companies with MarketBeat.com's FREE daily email newsletter.