Tower International, Inc. Commo (NYSE:TOWR):
Tower International to Announce Third Quarter 2016 Financial Results.
In the market the company is trading down from yesterday’s close of $21.45.
Tower International, Inc. Commo also recently announced a dividend to be paid on Friday the 9th of December 2016. The dividend will be $0.110 per share for the quarter or $0.44 annualized. The dividend yield will be $2.00. The ex-dividend date will be Monday August 8th, 2016.
Company chares are trading at $21.15 barely below the 50 day moving average which is $23.19 and a tad below the 200 day moving average of $22.82. The 50 day moving average was down by -8.80% and the 200 day average went down by -7.33%.
Tower International, Inc. Commo currently has a P/E ratio of 2.75 and the market cap of the company is 445.25M. As of the last earnings report the EPS was $7.68 and is expected to be $3.19 for the current year with 21,052,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.93 and the next full year EPS is projected to be $3.64.
Several ratings firms have released opinions on the stock recently. On April 29 the company was downgraded from “Outperform” to “Neutral” with a current price target of $27.00 in an announcement from Wells Fargo. On March 21 the stock rating was upgraded to “Outperform” from “Market Perform” in a statement from Wells Fargo.
On July 2, 2015 Sterne Agee CRT started covering TOWR with a rating of “Buy” and projecting a price target of $34.00. On May 11 Citigroup left the company rating at “Buy” but moved up the price target to $37.00 from $36.00.
April 20 investment analysts at JP Morgan held the stock rating at “Neutral” but lowered the price target from $31.00 to $30.00. February 17 investment analysts at Citigroup kept the stock rating at “Buy” and raised the price target to $36.00 from $34.00.