Titan Machinery Inc. (NASDAQ:TITN) shares traded -3.71% lower at $29.03 on Wall Street last session.
In accordance with the data, 5 analysts cover Titan Machinery Inc. (NASDAQ:TITN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $48.00 and a low of $30.00, we find $47.00. Given the previous closing price of $30.15, this indicates a potential upside of 55.89 percent. TITN stock price is now -32.60% away from the 50-day moving average and -14.71% away from the 200-day moving average. The market capitalization of the company currently stands at $696.43M.
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It has been rated a hold by 1 analysts and a buy by 4. Brokers who have rated the stock have averaged $43.00 as their price target over the next twelve months.
With the price target of $48, B. Riley Securities recently initiated with Buy rating for Titan Machinery Inc. (NASDAQ: TITN). On November 24, 2021, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock increasing its target price from $37 to quote $41, while ‘Stephens’ rates the stock as ‘Overweight’.
Insiders disposed of 4,908 shares of company stock worth roughly $0.14 million over the past 1 year. A total of 11.14% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TITN stock. A new stake in Titan Machinery Inc. shares was purchased by SG CAPITAL MANAGEMENT LLC during the first quarter worth $4,848,000. LORD, ABBETT & CO. LLC invested $3,816,000 in shares of TITN during the first quarter. In the first quarter, FORMULA GROWTH LTD acquired a new stake in Titan Machinery Inc. valued at approximately $1,887,000. WAYPOINT CAPITAL ADVISORS, LLC acquired a new stake in TITN for approximately $1,887,000. EAM INVESTORS, LLC purchased a new stake in TITN valued at around $1,693,000 in the second quarter. In total, there are 240 active investors with 83.00% ownership of the company’s stock.
Titan Machinery Inc. (NASDAQ: TITN) opened at $30.29 on Monday. During the past 12 months, Titan Machinery Inc. has had a low of $21.50 and a high of $47.87. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 1.70, and a quick ratio of 0.40. The fifty day moving average price for TITN is $42.85 and a two-hundred day moving average price translates $34.05 for the stock.
The latest earnings results from Titan Machinery Inc. (NASDAQ: TITN) was released for Oct, 2022. According to the Industrial Distribution Company, earnings per share came in at $1.83, beating analysts’ expectations of $1.16 by 0.67. This compares to $0.98 EPS in the same period last year. The net profit margin was 4.20% and return on equity was 17.40% for TITN. The company reported revenue of $668.77 million for the quarter, compared to $453.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.31 percent. For the current quarter, analysts expect TITN to generate $684.35M in revenue.
Titan Machinery Inc.(TITN) Company Profile
Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. 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. Its agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. The company’s construction equipment comprises heavy construction machinery, light industrial machinery for commercial and residential construction, road and highway construction machinery, and energy and forestry operations equipment. It also sells maintenance and replacement parts. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers. Further, it rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and CNH Industrial finance and insurance products. The company operates in Colorado, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; and Bulgaria, Germany, Romania, and Ukraine, Europe. Titan Machinery Inc. was founded in 1980 and is headquartered in West Fargo, North Dakota.
