Tower International, Inc. (TOWR) Earns Buy Rating from FBR & Co

FBR & Co reiterated their buy rating on shares of Tower International, Inc. (NYSE:TOWR) in a research note released on Tuesday. The brokerage currently has a $40.00 target price on the auto parts company’s stock.

TOWR has been the topic of several other reports. BidaskClub cut shares of Tower International from a hold rating to a sell rating in a research note on Wednesday, August 30th. Zacks Investment Research cut shares of Tower International from a buy rating to a hold rating in a research note on Wednesday, September 27th. TheStreet upgraded shares of Tower International from a c+ rating to a b rating in a research note on Thursday, September 28th. Finally, ValuEngine upgraded shares of Tower International from a buy rating to a strong-buy rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Tower International presently has an average rating of Buy and an average price target of $33.67.

Tower International (NYSE:TOWR) opened at $32.60 on Tuesday. The firm has a market cap of $678.47, a PE ratio of 9.18, a P/E/G ratio of 0.89 and a beta of 2.69. The company has a quick ratio of 1.04, a current ratio of 1.18 and a debt-to-equity ratio of 1.32.

Tower International (NYSE:TOWR) last posted its earnings results on Monday, October 30th. The auto parts company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.08. Tower International had a net margin of 3.58% and a return on equity of 30.51%. The business had revenue of $462.00 million for the quarter, compared to analysts’ expectations of $451.73 million. During the same period in the prior year, the company posted $0.90 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. research analysts predict that Tower International will post 3.7 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.com-unik.info/2017/11/04/tower-international-inc-towr-earns-buy-rating-from-fbr-co.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be paid a $0.12 dividend. The ex-dividend date is Thursday, November 9th. This is a boost from Tower International’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.47%. Tower International’s dividend payout ratio is currently 13.41%.

Institutional investors have recently bought and sold shares of the company. Capital Fund Management S.A. purchased a new stake in shares of Tower International during the 2nd quarter valued at $404,000. Nationwide Fund Advisors raised its position in shares of Tower International by 211.8% during the 2nd quarter. Nationwide Fund Advisors now owns 118,372 shares of the auto parts company’s stock valued at $2,657,000 after buying an additional 80,408 shares in the last quarter. Prudential PLC raised its position in shares of Tower International by 8.2% during the 2nd quarter. Prudential PLC now owns 688,000 shares of the auto parts company’s stock valued at $15,446,000 after buying an additional 52,300 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Tower International by 3.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 645,426 shares of the auto parts company’s stock valued at $14,490,000 after buying an additional 19,634 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Tower International by 32.7% during the 1st quarter. SG Americas Securities LLC now owns 5,944 shares of the auto parts company’s stock valued at $161,000 after buying an additional 1,464 shares in the last quarter. Hedge funds and other institutional investors own 88.94% of the company’s stock.

Tower International Company Profile

Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).

What are top analysts saying about Tower International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tower International Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit