Tower International (TOWR) Downgraded by ValuEngine
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.
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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