Stock Rating Downgrade
The Value Trend Rating for Titan International Inc (NYSE: TWI) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Titan International Inc (NYSE: TWI) stock declined by -2.9% on 4/12/24. The shares closed at $11.94. However, trading volume in this decline was unusually low at 61% of normal. The stock has been strong relative to the market over the last nine months but has declined -3.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TWI is expected to continue to be an important Value Builder.
Titan International has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Titan International has a neutral Power Rating of 51 and a slightly positive Appreciation Score of 70, producing the High Neutral Value Trend Rating.
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