Robert W. Baird Analysts Give Titan Machinery Inc. (TITN) a $18.00 Price Target
Several other equities research analysts have also recently weighed in on TITN. Zacks Investment Research upgraded Titan Machinery from a hold rating to a buy rating and set a $20.00 price target on the stock in a research report on Friday, June 30th. BidaskClub cut shares of Titan Machinery from a strong-buy rating to a buy rating in a research report on Wednesday, July 12th. ValuEngine upgraded shares of Titan Machinery from a sell rating to a hold rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $18.00 price objective on shares of Titan Machinery and gave the stock a hold rating in a research report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Titan Machinery has a consensus rating of Hold and an average target price of $18.50.
Titan Machinery (NASDAQ:TITN) opened at 15.62 on Thursday. The company’s market cap is $333.83 million. The company has a 50-day moving average of $17.22 and a 200 day moving average of $15.98. Titan Machinery has a one year low of $8.68 and a one year high of $19.22.
Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings results on Thursday, May 25th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.06. The company had revenue of $264.10 million during the quarter, compared to analysts’ expectations of $257 million. Titan Machinery had a negative return on equity of 4.11% and a negative net margin of 1.37%. Titan Machinery’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.21) earnings per share. Equities research analysts predict that Titan Machinery will post $0.03 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Titan Machinery by 35.5% in the first quarter. JPMorgan Chase & Co. now owns 1,214,699 shares of the company’s stock valued at $18,634,000 after buying an additional 318,205 shares during the period. Rutabaga Capital Management LLC MA boosted its position in shares of Titan Machinery by 42.4% in the first quarter. Rutabaga Capital Management LLC MA now owns 740,338 shares of the company’s stock valued at $11,357,000 after buying an additional 220,588 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Titan Machinery during the first quarter valued at about $2,458,000. Federated Investors Inc. PA boosted its position in shares of Titan Machinery by 58.5% in the second quarter. Federated Investors Inc. PA now owns 416,032 shares of the company’s stock valued at $7,480,000 after buying an additional 153,596 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Titan Machinery by 16.3% in the second quarter. Dimensional Fund Advisors LP now owns 977,624 shares of the company’s stock valued at $17,577,000 after buying an additional 136,914 shares during the last quarter. 77.45% of the stock is currently owned by institutional investors.
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.
Receive News & Stock Ratings for Titan Machinery Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan Machinery Inc. and related stocks with our FREE daily email newsletter.