Titan Machinery Stock Rating Upgraded by Zacks (TITN)
Titan Machinery (NASDAQ:TITN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a $16.80 target price on the stock. Zacks‘ price objective suggests a potential upside of 2.44% from the stock’s previous close.
TITN has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note to investors on Tuesday. Finally, analysts at Feltl & Co. cut their price target on shares of Titan Machinery from $23.40 to $21.75 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Titan Machinery presently has an average rating of “Hold” and an average price target of $20.14.
Shares of Titan Machinery (NASDAQ:TITN) traded down 3.23% during mid-day trading on Wednesday, hitting $15.87. 56,130 shares of the company’s stock traded hands. Titan Machinery has a 1-year low of $14.19 and a 1-year high of $32.00. The stock’s 50-day moving average is $17.03 and its 200-day moving average is $17.23. The company has a market cap of $331.7 million and a price-to-earnings ratio of 14.15.
Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.21. The company had revenue of $588.00 million for the quarter, compared to the consensus estimate of $613.67 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that Titan Machinery will post $0.64 EPS for the current fiscal year.
Titan Machinery Inc owns and operates a network of agricultural and construction equipment stores in the United States and Europe.
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