News stories about Tower International (NYSE:TOWR) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. 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 media sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 46.7047974298795 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- US state sues Trump Tower over alleged water pollution (ianslive.in)
- Trump Tower operators sued over water release into river (valdostadailytimes.com)
- ‘Green spine’ wins $2b Southbank tower international competition (architectureau.com)
- Trump International Hotel & Tower sued for polluting a river (iol.co.za)
- Trump International Hotel & Tower New York Announces Renovation Of Iconic Luxury Property (hotelinteractive.com)
Shares of NYSE:TOWR traded down $1.50 during midday trading on Wednesday, reaching $32.15. The company had a trading volume of 2,555 shares, compared to its average volume of 102,013. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 1.16. The company has a market capitalization of $688.17 million, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 1.01 and a beta of 2.27. Tower International has a 52-week low of $21.25 and a 52-week high of $34.55.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Thursday, August 9th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, August 8th. Tower International’s dividend payout ratio (DPR) is currently 12.77%.
A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of Tower International from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Citigroup raised their price objective on shares of Tower International from $29.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of Tower International from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Roth Capital assumed coverage on shares of Tower International in a research note on Thursday, May 24th. They issued a “buy” rating and a $41.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Tower International has a consensus rating of “Hold” and an average price target of $35.20.
In related news, COO Michael Rajkovic sold 17,764 shares of the business’s stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of $33.38, for a total value of $592,962.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.10% of the stock is currently owned by insiders.
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.
Read More: Market Capitalization in the Stock Market
Receive News & Ratings for Tower International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower International and related companies with MarketBeat.com's FREE daily email newsletter.