Zacks Investment Research downgraded Tower International Inc (NYSE:TOWR) to Hold in a statement released earlier today.
- Updated: September 21, 2016
Just yesterday Tower International Inc (NYSE:TOWR) traded 0.64% higher at $23.64. The company’s 50-day moving average is $23.38 and its 200-day average is $23.31. With the last stock price up 1.93% relative to the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 24,463 shares of TOWR changing hands under the typical 207,923
Zacks Investment Research has downgraded Tower International Inc (NYSE:TOWR) to Hold in a statement released on 9/21/2016.
Previously on 9/14/2016, Zacks Investment Research reported about Tower International Inc (NYSE:TOWR) bumped up the target price from $0.00 to $26.00 that indicated a possible upside of 0.13%.
See Chart Below
With a total market value of $0, Tower International Inc has P/E ratio of 3.09 with a one year low of $18.75 and a one year high of $31.41 .
In addition to Zacks Investment Research reporting its stock price target, a total of 4 firms have reported on the company. The average stock price target is $33.00 with three analysts rating the stock a strong buy, 1 equity analyst rating the company a buy, zero brokers rating the stock a hold, zero brokerages rating the company a underperform, and finally 0 analysts rating the company a sell.
About 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.