Tower International (NYSE:TOWR) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

A number of other brokerages have also recently weighed in on TOWR. Zacks Investment Research raised Tower International from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Thursday, December 21st. BidaskClub cut Tower International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. B. Riley reaffirmed a “buy” rating on shares of Tower International in a research report on Wednesday, November 1st. Finally, FBR & Co reaffirmed a “buy” rating and issued a $40.00 price target on shares of Tower International in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.00.

Shares of Tower International (TOWR) opened at $27.30 on Tuesday. Tower International has a 12-month low of $21.00 and a 12-month high of $33.65. The firm has a market capitalization of $560.43, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.69 and a beta of 2.48. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.18 and a quick ratio of 1.01.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in shares of Tower International by 0.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 647,441 shares of the auto parts company’s stock worth $17,610,000 after purchasing an additional 2,015 shares during the last quarter. State Street Corp lifted its position in shares of Tower International by 4.7% during the 2nd quarter. State Street Corp now owns 399,280 shares of the auto parts company’s stock worth $8,962,000 after purchasing an additional 17,814 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Tower International by 5.8% during the 3rd quarter. California Public Employees Retirement System now owns 123,628 shares of the auto parts company’s stock worth $3,363,000 after purchasing an additional 6,728 shares during the last quarter. EAM Investors LLC acquired a new position in shares of Tower International during the 4th quarter worth about $2,087,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Tower International by 5.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 67,994 shares of the auto parts company’s stock worth $1,849,000 after purchasing an additional 3,316 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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