Why Tower International, Inc. (NYSE:TOWR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $33.0000 on Tower International, Inc. (NYSE:TOWR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.2000 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Tower International, Inc. (NYSE:TOWR) stands at 3.1378.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Tower International, Inc. Commo, the PEG ratio for coming 3-5 years is 0.7400.

Technical Analysis

The technical analysis highlights that Tower International, Inc. Commo current is trading $1.5037 points away or +6.6504% from its 50-day moving average of $22.6106. Further it is trading $1.1119 or +4.8338% away its 200-day moving average of $23.0024.

The 52-week high of Tower International, Inc. (NYSE:TOWR) was $31.4100 while lowest point recorded in 52-week was $18.7500. It implies if stock price makes a movement of over $-7.2957, it will record a new 52-week high. In the case of +28.6096% drop, it will touch a new 52-week low.

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