Tower International Inc (NYSE:TOWR) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 2, 2016
Zacks Investment Research has downgraded Tower International Inc (NYSE:TOWR) to Hold in a statement released on Wednesday September 28, 2016.
On 9/22/2016, Zacks Investment Research released a statement for Tower International Inc (NYSE:TOWR) bumped up the target price from $0.00 to $27.00 that suggested an upside of 0.14%.
Boasting a price of $23.37, Tower International Inc (NYSE:TOWR) traded 2.47% higher on the day. With the last stock price close up 3.42% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Tower International Inc has recorded a 50-day average of $23.71 and a two hundred day average of $23.30. Volume of trade was down over the average, with 142,735 shares of TOWR changing hands under the typical 184,128
Recent Performance Chart
Tower International Inc has PE ratio of 3.14 with a one year low of $18.75 and a one year high of $31.41 and has a market capitalization of $0.
A total of 4 brokerages have issued a ratings update on Tower International Inc. Three analysts rating the company a strong buy, one analyst rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero brokers rating the stock a sell with a average stock price target of $33.00.
Brief Synopsis On Tower International Inc (NYSE:TOWR)
Tower International, Inc. is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company operates in two segments: Americas and International. The International segment consists of Europe and Asia, and the Americas segment consists of North America and South America. The Company offers its automotive customers a product portfolio, supplying body-structure stampings, frame and other chassis structures, and complex welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs). The Company's products are manufactured at approximately 30 facilities, located in North America, Europe, Brazil and China. The Company supports its manufacturing operations through approximately seven engineering and sales locations around the world. It produces a range of structural components and assemblies.
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