Free Trial

Titan Machinery Inc. (NASDAQ:TITN) Receives $21.00 Consensus Price Target from Analysts

Titan Machinery logo with Retail/Wholesale background

Shares of Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) have earned a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $21.00.

TITN has been the topic of several research analyst reports. Northland Capmk cut Titan Machinery from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 20th. B. Riley reduced their price target on Titan Machinery from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, September 3rd. Lake Street Capital lowered Titan Machinery from a "buy" rating to a "hold" rating and set a $15.00 price target for the company. in a report on Thursday, August 15th. Northland Securities reiterated a "market perform" rating and set a $25.00 price target on shares of Titan Machinery in a report on Friday, September 13th. Finally, Craig Hallum reduced their price target on Titan Machinery from $25.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, August 15th.

View Our Latest Report on Titan Machinery

Titan Machinery Trading Up 1.2 %

TITN traded up $0.18 during trading on Thursday, reaching $14.94. The company had a trading volume of 164,366 shares, compared to its average volume of 232,824. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 1.27. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $29.30. The firm's 50-day simple moving average is $14.02 and its 200 day simple moving average is $17.54. The company has a market cap of $345.56 million, a price-to-earnings ratio of 5.70 and a beta of 1.26.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.09). Titan Machinery had a net margin of 2.11% and a return on equity of 10.38%. The business had revenue of $633.70 million for the quarter, compared to analysts' expectations of $645.28 million. During the same period last year, the firm earned $1.38 EPS. The company's revenue was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that Titan Machinery will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Innealta Capital LLC bought a new stake in shares of Titan Machinery during the second quarter valued at approximately $36,000. Canada Pension Plan Investment Board bought a new stake in shares of Titan Machinery during the second quarter valued at approximately $37,000. nVerses Capital LLC increased its position in shares of Titan Machinery by 118.2% during the second quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock valued at $38,000 after purchasing an additional 1,300 shares during the period. SG Americas Securities LLC bought a new stake in shares of Titan Machinery during the third quarter valued at approximately $105,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Titan Machinery during the first quarter valued at approximately $276,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

About Titan Machinery

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Titan Machinery (NASDAQ:TITN)

Should you invest $1,000 in Titan Machinery right now?

Before you consider Titan Machinery, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Titan Machinery wasn't on the list.

While Titan Machinery currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Post-Election Chaos or Opportunity? Prepare Your Investments
Strong Markets Meet Rising Volatility—Are Your Investments Safe?
Analysts Bullish on AI-Powered Healthcare: Intuitive Surgical’s 30% Upside

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines