Tower International (TOWR) Earning Somewhat Positive Press Coverage, Report Shows

Media coverage about Tower International (NYSE:TOWR) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tower International earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the auto parts company an impact score of 47.2892616738171 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern’s rankings:

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Several research firms have commented on TOWR. JPMorgan Chase lowered their target price on shares of Tower International from $34.00 to $31.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. ValuEngine cut shares of Tower International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 13th. Finally, Zacks Investment Research cut shares of Tower International from a “buy” rating to a “hold” rating in a research note on Saturday, December 30th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $35.33.

Shares of TOWR traded up $0.30 during mid-day trading on Tuesday, hitting $30.35. The company’s stock had a trading volume of 13,927 shares, compared to its average volume of 97,884. The stock has a market capitalization of $606.00, a P/E ratio of 8.02, a P/E/G ratio of 0.90 and a beta of 2.35. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.14 and a quick ratio of 0.98. Tower International has a fifty-two week low of $21.00 and a fifty-two week high of $33.65.

Tower International (NYSE:TOWR) last announced its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.02. The company had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $531.15 million. Tower International had a net margin of 2.40% and a return on equity of 30.05%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS. equities research analysts forecast that Tower International will post 4.11 EPS for the current fiscal year.

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About Tower International

Tower International, Inc manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. It operates in two segments, North America and Europe. The company provides body structures and assemblies, including structural metal components, which comprise body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.

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