Tower International (TOWR) PT Set at $36.00 by Roth Capital

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Tower International (NYSE:TOWR) has been assigned a $36.00 target price by research analysts at Roth Capital in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the auto parts company’s stock. Roth Capital’s price target points to a potential upside of 28.21% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Tower International from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. ValuEngine cut Tower International from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Finally, Citigroup boosted their target price on Tower International from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $33.00.

TOWR stock opened at $28.08 on Tuesday. The company has a market cap of $509.33 million, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 0.76 and a beta of 2.31. Tower International has a fifty-two week low of $24.02 and a fifty-two week high of $36.65. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.16 and a quick ratio of 0.98.

Tower International (NYSE:TOWR) last posted its earnings results on Monday, October 29th. The auto parts company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.11. The firm had revenue of $524.57 million during the quarter, compared to analysts’ expectations of $512.78 million. Tower International had a return on equity of 28.42% and a net margin of 2.39%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. As a group, sell-side analysts anticipate that Tower International will post 4.07 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of Tower International by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,282,633 shares of the auto parts company’s stock valued at $35,593,000 after purchasing an additional 61,233 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Tower International by 100.5% in the third quarter. Russell Investments Group Ltd. now owns 395,085 shares of the auto parts company’s stock valued at $11,951,000 after purchasing an additional 198,069 shares during the period. Millennium Management LLC increased its holdings in shares of Tower International by 29.6% in the first quarter. Millennium Management LLC now owns 296,525 shares of the auto parts company’s stock valued at $8,229,000 after purchasing an additional 67,751 shares during the period. Northern Trust Corp increased its holdings in shares of Tower International by 1.5% in the first quarter. Northern Trust Corp now owns 217,161 shares of the auto parts company’s stock valued at $6,026,000 after purchasing an additional 3,169 shares during the period. Finally, James Investment Research Inc. acquired a new position in shares of Tower International in the second quarter valued at approximately $2,445,000. Institutional investors own 89.96% 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 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.

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Analyst Recommendations for Tower International (NYSE:TOWR)

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