Titan Machinery Inc. (NASDAQ:TITN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.22 and traded as high as $21.75. Titan Machinery shares last traded at $21.60, with a volume of 96,792 shares.
Analysts Set New Price Targets
A number of research firms have issued reports on TITN. Northland Securities upgraded shares of Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 target price for the company in a research report on Friday, April 11th. Northland Capmk upgraded shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Robert W. Baird cut their target price on shares of Titan Machinery from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Wall Street Zen upgraded shares of Titan Machinery from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, B. Riley increased their target price on shares of Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.
Get Our Latest Research Report on TITN
Titan Machinery Stock Up 0.6%
The firm has a market cap of $492.53 million, a P/E ratio of -8.11 and a beta of 1.35. The business's fifty day moving average price is $19.62 and its two-hundred day moving average price is $17.35. The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.33.
Titan Machinery (NASDAQ:TITN - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported ($0.58) earnings per share for the quarter, beating analysts' consensus estimates of ($0.79) by $0.21. The business had revenue of $594.34 million for the quarter, compared to the consensus estimate of $445.76 million. Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.22%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of TITN. Russell Investments Group Ltd. grew its position in Titan Machinery by 51.2% in the 4th quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company's stock worth $37,000 after purchasing an additional 882 shares during the last quarter. US Bancorp DE grew its position in Titan Machinery by 23.8% in the 4th quarter. US Bancorp DE now owns 3,861 shares of the company's stock worth $55,000 after purchasing an additional 741 shares during the last quarter. New York State Common Retirement Fund grew its position in Titan Machinery by 42.8% in the 1st quarter. New York State Common Retirement Fund now owns 4,674 shares of the company's stock worth $80,000 after purchasing an additional 1,400 shares during the last quarter. State of Wyoming acquired a new stake in Titan Machinery in the 1st quarter worth $109,000. Finally, PNC Financial Services Group Inc. grew its position in Titan Machinery by 91.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company's stock worth $122,000 after purchasing an additional 4,103 shares during the last quarter. Institutional investors own 78.38% of the company's stock.
Titan Machinery Company Profile
(
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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.
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