Zacks Investment Research issued a report on Tower International Inc (NYSE:TOWR), stepping up its target price to $27.00 today
- Updated: September 24, 2016
Just yesterday Tower International Inc (NYSE:TOWR) traded -1.44% lower at $23.75. The company’s 50-day moving average is $23.56 and its two hundred day average is $23.32. With the last close up 3.08% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. Trade Volume was down over the average, with 128,322 shares of TOWR changing hands under the typical 203,141
Tower International Inc (NYSE:TOWR) had its target price raised to $27.00 by Zacks Investment Research in a report released 9/22/2016. The new target price indicates a possible upside of 0.14% based on the company's last stock close price.
Recent Performance Chart
Tower International Inc has PE ratio of 3.13 with a one year low of $18.75 and a one year high of $31.41 and has a market cap of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokerages have issued a ratings update on the company. The average target price is $33.00 with 3 brokers rating the stock a strong buy, one equity analyst rating the company a buy, zero brokerages rating the company a hold, zero analysts rating the stock a underperform, and finally 0 firms rating the stock 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.
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