Titan Machinery (NASDAQ:TITN) Price Target Raised to $22.00

Titan Machinery (NASDAQ:TITN - Get Free Report) had its target price lifted by B. Riley from $19.00 to $22.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. B. Riley's price target would suggest a potential upside of 15.79% from the stock's current price. B. Riley also issued estimates for Titan Machinery's Q2 2026 earnings at ($0.59) EPS, Q3 2026 earnings at ($0.35) EPS, Q4 2026 earnings at ($0.15) EPS, FY2026 earnings at ($1.66) EPS and FY2027 earnings at ($0.21) EPS.

A number of other brokerages also recently issued reports on TITN. Northland Securities raised Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 price target for the company in a report on Friday, April 11th. Northland Capmk raised Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Baird R W raised Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Lake Street Capital reissued a "hold" rating and issued a $18.00 target price (up from $15.00) on shares of Titan Machinery in a report on Friday, May 23rd. Finally, Robert W. Baird reduced their target price on Titan Machinery from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $21.00.

Titan Machinery Trading Down 3.7%

Shares of TITN traded down $0.74 during midday trading on Tuesday, hitting $19.00. 278,862 shares of the stock were exchanged, compared to its average volume of 262,589. Titan Machinery has a 52-week low of $12.30 and a 52-week high of $23.41. The stock has a fifty day simple moving average of $17.74 and a 200 day simple moving average of $16.43. The firm has a market cap of $438.63 million, a P/E ratio of 14.18 and a beta of 1.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.79) by $0.21. The business had revenue of $594.34 million during the quarter, compared to analyst estimates of $445.76 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%.

Insider Activity at Titan Machinery

In related news, Chairman David Joseph Meyer acquired 22,524 shares of Titan Machinery stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average price of $16.83 per share, for a total transaction of $379,078.92. Following the completion of the purchase, the chairman now directly owns 135,388 shares of the company's stock, valued at approximately $2,278,580.04. This trade represents a 19.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 26,182 shares of company stock worth $439,661 in the last quarter. Company insiders own 10.28% of the company's stock.

Institutional Investors Weigh In On Titan Machinery

A number of institutional investors and hedge funds have recently modified their holdings of TITN. R Squared Ltd acquired a new stake in Titan Machinery during the 4th quarter valued at $26,000. Empowered Funds LLC grew its holdings in Titan Machinery by 5.1% during the 4th quarter. Empowered Funds LLC now owns 20,000 shares of the company's stock valued at $283,000 after buying an additional 962 shares during the last quarter. Meixler Investment Management Ltd. acquired a new stake in Titan Machinery during the 4th quarter valued at $142,000. US Bancorp DE grew its holdings in Titan Machinery by 23.8% during the 4th quarter. US Bancorp DE now owns 3,861 shares of the company's stock valued at $55,000 after buying an additional 741 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Titan Machinery by 91.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company's stock valued at $122,000 after buying an additional 4,103 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. 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.