DA Davidson's analyst, Michael Shlisky, has revised the price target for Titan International (TWI, Financial), bringing it down from $12 to $10. Despite this adjustment, the analyst maintains a Buy rating for the company’s shares.
This revision is part of a larger analysis predicting the performance of machinery companies in the upcoming first-quarter results. Shlisky notes that many in the sector, including dealers and end-users, were indecisive throughout the quarter due to several looming uncertainties.
Initially buoyed by post-election optimism, machinery end-users are now facing uncertainty over specific policy directions. While the issue of tariffs remains unresolved, questions surrounding taxes and other policies persist, contributing to the current market apprehension.
The analysis suggests that companies predominantly serving government clientele, those involved in safety-related products, and firms providing essential services are expected to fare better compared to those whose revenues heavily depend on large-scale private-sector capital expenditures. Despite the challenges posed by potential tariffs and recession conditions, these firms may prove more resilient.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Titan International Inc (TWI, Financial) is $12.50 with a high estimate of $16.00 and a low estimate of $11.00. The average target implies an upside of 82.75% from the current price of $6.84. More detailed estimate data can be found on the Titan International Inc (TWI) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Titan International Inc's (TWI, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Titan International Inc (TWI, Financial) in one year is $11.43, suggesting a upside of 67.11% from the current price of $6.84. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Titan International Inc (TWI) Summary page.
