STOCKS TELEGRAPH

Tag: TWI Stock

  • Could Titan International (TWI) Stock aim for the $8 Per Share ‎mark?

    Titan has been on the bullish side since August 2020. What’s the analyst sentiment that could potentially help TWI in the long-term? Let’s have a look.

    Titan International (TWI) shares have pumped higher in rent months. TWI more than doubled in the last year and is up by 35% already so far in 2021. The company seems to push as the demand for agriculture products has recently spiked in the country.

    The company has recovered its debts to some extent and had increased its cash balance by the end of the third quarter. So, what’s the prospect for Titan as we move into 2021.

    What’s Next?

    Titan International (TWI) is a global manufacturer and distributor of wheel systems for off-highway equipment that are used in agriculture, mining, construction, and other fields. The rally in TWI could be due to certain factors.

    The fact that the North American harvest season has resulted in remarkable outcomes—especially the increase in corn and soybeans. Due to growth in the agriculture segment, farmers have earned more to upgrade their equipment.

    The company has three major businesses from which it generates revenues. As per 2019 stats, Titan had 45% sales from agriculture, 45% from mining/earthmoving/construction, and 10% from the consumer.

    The company in its Q3 2020 transcript noted that the farmers’ sentiment is high as they near a 5-year high. Moreover, there have been notable improvements in the dealer engagement—with 30% of AG dealers reporting low current inventory levels. So, the company believes that there is a good momentum that could kick-start the replacement cycle.

    Furthermore, if the Biden government takes some prominent steps that could sustain the China-US trade relations, we could see farmers being more optimistic about the future—which can potentially lead to more equipment buying.

    In the third quarter of 2020, the company ended the three months with a cash balance of $98.8 million, up by $18.6 million during Q3. While the net debt was lowered up to $85 million in the last 12 months, as of Q3. The company’s debt was at its lowest since Q3 2018, which is much needed—to keep the balance—in the pandemic period.

    Conclusion

    Titan International (TWI)is trading in the range of $7.14 – $7.65, as we write this. The company has much room for improvement in its sales. And, if the demand for its products really speeds up, we could see TWI stock popping higher—probably touching $8 per share.

  • Don’t Miss these 10 Farm & Heavy Construction Machinery Stocks ‎

    Don’t Miss these 10 Farm & Heavy Construction Machinery Stocks ‎

    Companies that produce agriculture and construction machinery, including tractors, ‎planting devices, ‎harvesters, excavators, and machinery and equipment associated with ‎agriculture and construction, ‎are in the farm & heavy construction equipment industry. This ‎would often involve transportation ‎companies providing both local and long-distance ‎trucking and transfer services with freight and ‎passenger supplies.‎
    ‎ The following stocks are the best performers in Farm & Heavy Construction Machinery.‎‎

    AGCO Corporation (NYSE:AGCO) shares were trading up 3.09% at $102.88 at the ‎time of writing on Friday. The company recently revealed the election of Bob De Lange to its Board of ‎Directors effective January 1, 2021.

    AGCO Corporation (NYSE:AGCO) share price went from a low point around ‎‎$35.33 to briefly over $100.06 in past 52 weeks, though shares have since pulled back to $102.88. AGCO ‎market cap has remained high, hitting $7.48B at the time of writing, giving it price-to-sales ratio of ‎more than 0.

    ‎If we look at the recent analyst rating AGCO, Morgan Stanley upgraded ‎coverage on AGCO shares with an Overweight rating and a $103.53 price target, ‎which implies room for 0.65% upside momentum this year.

    Caterpillar Inc. (CAT) last closed at $180.96, in a 52-week range of $87.50 to ‎‎$183.81. On December 9, 2020, the board of directors of company voted to maintain the quarterly cash ‎dividend of one dollar and three cents ($1.03) per share of common stock, payable on February 19, ‎‎2021 to shareholders of record at the close of business on January 20, 2021. Analysts have a consensus ‎price target of $173.75.

    CNH Industrial N.V. (CNHI) stock soar by 3.17% to $12.06. The company recently ‎reported the early repayment of GBP 600,000,000 commercial paper under the Joint HM Treasury and ‎Bank of England’s Covid Corporate Financing Facility (CCFF) The most recent rating by Deutsche Bank, ‎on December 15, 2020, is at a Buy.

    Deere & Company (NYSE:DE) Shares headed rising, higher as much as 2.33%. ‎The firm lately revealed that it has been honored in the Robotics category of the 2021 CES Innovation ‎Awards, which recognize outstanding product design and engineering in consumer technology ‎products. The most recent rating by Oppenheimer, on December 15, 2020, is at an Outperform.

    Navistar International Corporation (NYSE:NAV) fall -0.09% after losing more ‎than -$0.04 on Friday.

    Oshkosh Corporation (OSK) last closed at $85.75, in a 52-week range of $46.72 ‎to $95.62. On December 4, 2020 the firm declared that it has been named to the 2020 Dow Jones ‎Sustainability World Index (DJSI), highlighting Oshkosh’s commitment to sustainable business ‎practices. Analysts have a consensus price target of $93.41.

    PACCAR Inc (PCAR) stock soar by 0.28% to $86.01. The most recent rating by ‎Morgan Stanley, on December 15, 2020, is at an Equal-weight.

    Terex Corporation (NYSE:TEX) Shares headed falling, lower as much as -1.86%. ‎The company reported on December 14, 2020, that Christopher Rossi has been appointed to the ‎Company’s Board of Directors, effective January 1, 2021. The most recent rating by Stifel, on ‎December 15, 2020, is at a Buy.

    Titan International Inc. (NYSE:TWI) rose 0.46% after gaining more than $0.02 on ‎Friday. The company on December 3, 2020 revealed the completion of the sale of its Brownsville, ‎Texas facility.

    Wabash National Corporation (WNC) last closed at $17.35, in a 52-week range of ‎‎$6.26 to $19.17. On December 16, 2020, the firm reported its intent to sell the Beall brand of tank ‎trailers and associated assets to MAC Trailer Enterprises Inc. Analysts have a consensus price target of ‎‎$18.60.