J.P. Morgan Reiterates a Hold Rating on Tower InternationalBy Ryan Adsit
According to TipRanks.com, Brinkman is a 5-star analyst with an average return of 10.7% and a 60.1% success rate. Brinkman covers the Consumer Goods sector, focusing on stocks such as Cooper Tire Rubber, Tenneco Automotive, and Delphi Automotive.
Tower International has an analyst consensus of Moderate Buy, with a price target consensus of $31.50.
Based on Tower International’s latest earnings report from June 30, the company posted quarterly revenue of $505.1M and quarterly net profit of -$4.84M. In comparison, last year the company earned revenue of $475.2M and had a net profit of $16.28M.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TOWR in relation to earlier this year. Most recently, in June 2016, James Gouin, the EVP & CFO of TOWR bought 2,500 shares for a total of $49,160.
Tower International, Inc. manufactures engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. The company offers its automotive customers a broad product portfolio, supplying body-structure stampings, frame and other chassis structures, as well as complex welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles. The company operates through two segments: Americas and International. Tower International was founded in 1993 and is headquartered in Livonia, MI.