Titan Machinery Inc. (NASDAQ:TITN) has been given a consensus rating of “Hold” by the seven research firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $23.00.
A number of equities analysts have commented on TITN shares. Robert W. Baird reiterated an “outperform” rating and issued a $25.00 target price (up from $18.00) on shares of Titan Machinery in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. BidaskClub upgraded shares of Titan Machinery from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 5th. Piper Jaffray Companies set a $19.00 target price on shares of Titan Machinery and gave the stock a “hold” rating in a report on Friday, December 1st. Finally, William Blair upgraded shares of Titan Machinery from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 2nd.
In other news, CEO David Joseph Meyer sold 61,796 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $21.85, for a total transaction of $1,350,242.60. Following the sale, the chief executive officer now owns 715,864 shares in the company, valued at $15,641,628.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.08% of the stock is currently owned by insiders.
Titan Machinery (NASDAQ:TITN) opened at $22.11 on Friday. The company has a market cap of $477.24, a PE ratio of -28.35 and a beta of 1.76. The company has a quick ratio of 0.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.31. Titan Machinery has a fifty-two week low of $11.68 and a fifty-two week high of $24.19.
Titan Machinery (NASDAQ:TITN) last announced its earnings results on Thursday, November 30th. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.12. The business had revenue of $330.34 million during the quarter, compared to the consensus estimate of $306.74 million. Titan Machinery had a negative net margin of 1.44% and a negative return on equity of 2.29%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) earnings per share. equities analysts predict that Titan Machinery will post -0.19 EPS for the current fiscal year.
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Titan Machinery Company Profile
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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