Several analysts have recently updated their ratings and price targets for Titan Machinery (NASDAQ: TITN):

  • 9/7/2017 – Titan Machinery was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Titan Machinery represents a diversified mix of agricultural, construction, and consumer products dealerships located in the upper Midwest. Their Shared Resource Headquarters is located in the heart of the Red River Valley in Fargo, ND. Titan Machinery is a dealer for Case IH, Case Construction, New Holland, and New Holland Construction. Titan Machinery also represents shortline equipment to meet specialized customer demand and niche product needs. “
  • 9/7/2017 – Titan Machinery was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/1/2017 – Titan Machinery was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/24/2017 – Titan Machinery was given a new $18.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/5/2017 – Titan Machinery was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/4/2017 – Titan Machinery was given a new $18.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 7/26/2017 – Titan Machinery was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Titan Machinery represents a diversified mix of agricultural, construction, and consumer products dealerships located in the upper Midwest. Their Shared Resource Headquarters is located in the heart of the Red River Valley in Fargo, ND. Titan Machinery is a dealer for Case IH, Case Construction, New Holland, and New Holland Construction. Titan Machinery also represents shortline equipment to meet specialized customer demand and niche product needs. “

Titan Machinery Inc. (NASDAQ TITN) traded down 0.14% during trading on Thursday, reaching $13.83. 57,318 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $15.93 and its 200-day moving average price is $16.00. The stock’s market cap is $297.97 million. Titan Machinery Inc. has a one year low of $8.68 and a one year high of $19.22.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, August 31st. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). Titan Machinery had a negative return on equity of 3.69% and a negative net margin of 1.61%. The company had revenue of $268.87 million for the quarter, compared to analyst estimates of $260.08 million. During the same period last year, the company earned ($0.12) earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts anticipate that Titan Machinery Inc. will post ($0.21) earnings per share for the current fiscal year.

In related news, Director Stan K. Erickson purchased 8,302 shares of the stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average cost of $12.50 per share, with a total value of $103,775.00. Following the purchase, the director now directly owns 13,495 shares in the company, valued at approximately $168,687.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 16.08% of the company’s stock.

Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.

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