Somewhat Positive Media Coverage Somewhat Unlikely to Affect Tower International (TOWR) Share Price

News headlines about Tower International (NYSE:TOWR) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tower International earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 46.1541804976224 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of brokerages recently weighed in on TOWR. Zacks Investment Research lowered shares of Tower International from a “buy” rating to a “hold” rating in a research report on Saturday, December 30th. ValuEngine lowered shares of Tower International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. B. Riley restated a “buy” rating on shares of Tower International in a research report on Wednesday, November 1st. BidaskClub lowered shares of Tower International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, FBR & Co restated a “buy” rating and set a $40.00 target price on shares of Tower International in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $35.00.

Tower International (NYSE TOWR) opened at $31.15 on Wednesday. Tower International has a 12-month low of $21.00 and a 12-month high of $33.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.01 and a current ratio of 1.18. The company has a market cap of $645.62, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 0.78 and a beta of 2.70.

Tower International (NYSE:TOWR) last released its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.85 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $451.73 million. During the same quarter last year, the business earned $0.90 earnings per share. Tower International’s quarterly revenue was up 1.1% compared to the same quarter last year. equities research analysts forecast that Tower International will post 3.7 EPS for the current fiscal year.

In other Tower International news, SVP William Cook sold 6,601 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $31.87, for a total transaction of $210,373.87. Following the completion of the transaction, the senior vice president now owns 11,917 shares in the company, valued at $379,794.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is owned by company insiders.

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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’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).

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