Titan Machinery Inc. (NASDAQ:TITN – Get Free Report) has been assigned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $21.00.
TITN has been the subject of several recent analyst reports. Northland Securities reiterated a “market perform” rating and set a $25.00 price objective on shares of Titan Machinery in a research note on Friday, September 13th. Lake Street Capital lowered Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research note on Thursday, August 15th. B. Riley dropped their price objective on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, September 3rd. Craig Hallum dropped their price objective on Titan Machinery from $25.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Robert W. Baird dropped their price objective on Titan Machinery from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th.
Read Our Latest Research Report on TITN
Institutional Trading of Titan Machinery
Titan Machinery Stock Performance
Shares of NASDAQ TITN opened at $13.56 on Friday. The business has a fifty day simple moving average of $14.93 and a 200 day simple moving average of $18.73. The company has a current ratio of 1.27, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $309.41 million, a price-to-earnings ratio of 3.26 and a beta of 1.26. Titan Machinery has a one year low of $12.30 and a one year high of $29.30.
Titan Machinery (NASDAQ:TITN – Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.09). Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The company had revenue of $633.70 million for the quarter, compared to analyst estimates of $645.28 million. During the same quarter in the prior year, the company earned $1.38 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. Sell-side analysts expect 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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