Shares of Titan Machinery Inc. (NASDAQ:TITN – Get Free Report) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.00.
A number of research firms have recently commented on TITN. B. Riley cut their price objective on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, September 3rd. Craig Hallum dropped their target price on Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Northland Capmk downgraded Titan Machinery from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. Lake Street Capital downgraded Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a report on Thursday, August 15th. Finally, Northland Securities restated a “market perform” rating and set a $25.00 price objective on shares of Titan Machinery in a report on Friday, September 13th.
Get Our Latest Stock Analysis on TITN
Institutional Inflows and Outflows
Titan Machinery Stock Down 1.0 %
Shares of NASDAQ:TITN opened at $14.72 on Thursday. The stock’s 50-day moving average price is $13.98 and its two-hundred day moving average price is $17.25. The company has a current ratio of 1.27, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $29.30. The firm has a market cap of $340.47 million, a price-to-earnings ratio of 5.68 and a beta of 1.26.
Titan Machinery (NASDAQ:TITN – Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). The firm had revenue of $633.70 million during the quarter, compared to analysts’ expectations of $645.28 million. Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.38 earnings per share. On average, research analysts forecast that Titan Machinery will post 0.21 EPS for the current year.
Titan Machinery Company Profile
Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.
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