Titan Machinery Inc. (NASDAQ:TITN) Receives $41.50 Average PT from Analysts

Shares of Titan Machinery Inc. (NASDAQ:TITNGet Free Report) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $41.50.

Separately, Stephens restated an “overweight” rating and issued a $42.00 target price on shares of Titan Machinery in a report on Friday, January 12th.

Check Out Our Latest Stock Report on TITN

Hedge Funds Weigh In On Titan Machinery

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Titan Machinery by 2.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,720 shares of the company’s stock valued at $327,000 after purchasing an additional 305 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Titan Machinery by 1.7% during the fourth quarter. SummerHaven Investment Management LLC now owns 23,303 shares of the company’s stock valued at $673,000 after purchasing an additional 391 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Titan Machinery by 3.5% during the first quarter. Envestnet Asset Management Inc. now owns 12,581 shares of the company’s stock valued at $383,000 after purchasing an additional 422 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Titan Machinery by 3.1% during the second quarter. Royal Bank of Canada now owns 15,579 shares of the company’s stock valued at $459,000 after purchasing an additional 466 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Titan Machinery by 3.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,252 shares of the company’s stock valued at $432,000 after purchasing an additional 469 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.

Titan Machinery Stock Performance

Titan Machinery stock opened at $28.09 on Friday. The company’s 50-day moving average price is $27.20 and its 200-day moving average price is $27.15. Titan Machinery has a twelve month low of $21.44 and a twelve month high of $47.87. The company has a quick ratio of 0.24, a current ratio of 1.45 and a debt-to-equity ratio of 0.14. The company has a market cap of $641.86 million, a PE ratio of 5.99 and a beta of 1.43.

Titan Machinery (NASDAQ:TITNGet Free Report) last posted its earnings results on Thursday, November 30th. The company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). Titan Machinery had a return on equity of 18.39% and a net margin of 4.28%. The business had revenue of $694.10 million during the quarter, compared to the consensus estimate of $727.20 million. During the same quarter last year, the firm earned $1.83 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Titan Machinery will post 4.86 EPS for the current fiscal year.

Titan Machinery Company Profile

(Get Free Report

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.

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Analyst Recommendations for Titan Machinery (NASDAQ:TITN)

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