Tower International (NYSE:TOWR) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.
TOWR has been the subject of several other reports. Zacks Investment Research raised Tower International from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Saturday, May 5th. JPMorgan Chase lowered their price objective on Tower International from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Tower International currently has an average rating of “Buy” and a consensus price target of $33.67.
Tower International traded up $0.50, reaching $29.30, during trading on Thursday, MarketBeat reports. 64,262 shares of the stock were exchanged, compared to its average volume of 96,111. Tower International has a twelve month low of $28.10 and a twelve month high of $28.30. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.97 and a current ratio of 1.12. The company has a market cap of $575.63 million, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 0.84 and a beta of 2.33.
Hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. bought a new position in shares of Tower International in the fourth quarter valued at approximately $217,000. Paloma Partners Management Co bought a new position in shares of Tower International in the fourth quarter valued at approximately $253,000. MetLife Investment Advisors LLC bought a new position in shares of Tower International in the fourth quarter valued at approximately $319,000. Element Capital Management LLC bought a new position in shares of Tower International in the first quarter valued at approximately $387,000. Finally, Eqis Capital Management Inc. grew its holdings in shares of Tower International by 52.6% in the fourth quarter. Eqis Capital Management Inc. now owns 14,514 shares of the auto parts company’s stock valued at $443,000 after acquiring an additional 5,002 shares in the last quarter. 90.71% of the stock is owned by institutional investors.
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 Europe. 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.
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.