NASDAQ:TITN

Titan Machinery (TITN) Stock Forecast, Price & News

$26.33

+0.10 (+0.38%)

(As of 09/27/2023 ET)

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Today's Range: $26.31
▼
$27.03
50-Day Range: $26.23
▼
$32.85
52-Week Range: $24.90
▼
$47.87

Volume: 178,032 shs
Average Volume: 261,647 shs
Market Capitalization: $601.90 million

P/E Ratio: 5.07
Dividend Yield: N/A
Price Target: $42.50

Titan Machinery MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 61.4% Upside
$42.50 Price Target
Short Interest: Healthy
1.69% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.52
Upright™ Environmental Score
News Sentiment: 1.72
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -1.41%
From $4.98 to $4.91 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Retail/Wholesale Sector

104th out of 214 stocks

Retail Stores, Not Elsewhere Classified Industry

6th out of 13 stocks

3.4

Analyst's Opinion

Consensus Rating
Titan Machinery has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.50, Titan Machinery has a forecasted upside of 61.4% from its current price of $26.33.
Amount of Analyst Coverage
Titan Machinery has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.69% of the float of Titan Machinery has been sold short.
Short Interest Ratio / Days to Cover
Titan Machinery has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Titan Machinery has recently increased by 54.13%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Titan Machinery does not currently pay a dividend.
Dividend Growth
Titan Machinery does not have a long track record of dividend growth.

1.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Titan Machinery has received a -34.46% net impact score from Upright. The largest negative impact of Titan Machinery in category "GHG emissions" seems to be driven mostly by its "Retail and wholesale of loader tractors", "Retail and wholesale of road rollers", "Retail and wholesale of agricultural tractors", "Retail and wholesale of backhoe loaders", "Retail and wholesale of motor graders", and "Retail and wholesale of tractor implements for tillage" products. See details.
Environmental Sustainability
The Environmental Impact score for Titan Machinery is -3.52.

3.7

News and Social Media Coverage

News Sentiment
Titan Machinery has a news sentiment score of 1.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Titan Machinery this week, compared to 3 articles on an average week.
Search Interest
2 people have searched for TITN on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Titan Machinery to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Titan Machinery insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.51% of the stock of Titan Machinery is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
82.83% of the stock of Titan Machinery is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Titan Machinery are expected to decrease by -1.41% in the coming year, from $4.98 to $4.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Titan Machinery is 5.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.34.
Price to Earnings Ratio vs. Sector
The P/E ratio of Titan Machinery is 5.07, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 22.96.
Price to Book Value per Share Ratio
Titan Machinery has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Titan Machinery (NASDAQ:TITN) Stock

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. Its agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. The company's construction equipment comprises heavy construction machinery, light industrial machinery for commercial and residential construction, road and highway construction machinery, and energy and forestry operations equipment. It also sells maintenance and replacement parts. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers. Further, it rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and CNH Industrial finance and insurance products. The company operates in Colorado, Idaho, Kansas, Missouri, Washington, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; and Bulgaria, Germany, Romania, and Ukraine, Europe. Titan Machinery Inc. was founded in 1980 and is headquartered in West Fargo, North Dakota.

TITN Price History

30 days | 90 days | 365 days | Advanced Chart

TITN Stock News Headlines

September 13, 2023 | finance.yahoo.com

How Much Upside is Left in Titan Machinery (TITN)? Wall Street Analysts Think 52.71%

September 13, 2023 | finance.yahoo.com

Zacks.com featured highlights AutoZone, Titan Machinery and Charles River Associates

September 28, 2023 | Chaikin Analytics (Ad)

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September 7, 2023 | finance.yahoo.com

What Makes Titan Machinery (TITN) a New Strong Buy Stock

September 1, 2023 | finance.yahoo.com

Titan Machinery (TITN) Tops Q2 Earnings Estimates, Rises Y/Y

September 1, 2023 | finance.yahoo.com

Titan Machinery Inc. (NASDAQ:TITN) Q2 2024 Earnings Call Transcript

September 1, 2023 | finance.yahoo.com

Q2 2024 Titan Machinery Inc Earnings Call

August 31, 2023 | benzinga.com

Why Titan Machinery Shares Are Rocketing Today?

September 28, 2023 | Behind the Markets (Ad)

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August 31, 2023 | msn.com

Titan Machinery jumps to 3-month high after Q2 beat

August 31, 2023 | markets.businessinsider.com

Titan Machinery Acquires Agriculture Equipment Dealer O'Connors For $63M

August 31, 2023 | markets.businessinsider.com

Titan Machinery (TITN) Gets a Buy from Lake Street

August 31, 2023 | finance.yahoo.com

Titan Machinery (TITN) Reports Q2 Earnings: What Key Metrics Have to Say

August 31, 2023 | finance.yahoo.com

Why Titan Machinery Stock Popped on Thursday

August 31, 2023 | seekingalpha.com

Titan Machinery Inc. 2024 Q2 - Results - Earnings Call Presentation

August 31, 2023 | finance.yahoo.com

Titan Machinery Inc. Announces Results for Fiscal Second Quarter Ended July 31, 2023

August 30, 2023 | marketwatch.com

Titan Machinery Lifts FY Guidance on Acquisition of Australia's J.J. O'Connor & Sons

August 30, 2023 | seekingalpha.com

Titan Machinery enters Australian agriculture market with new acquisition

August 30, 2023 | marketwatch.com

Titan Machinery Stock Up as It Raises FY Guidance on Latest Acquisition

August 30, 2023 | msn.com

Titan Machinery Q2 2024 Earnings Preview

August 30, 2023 | finance.yahoo.com

Titan Machinery Inc. Announces Strategic Acquisition of O’Connors

August 30, 2023 | finance.yahoo.com

Titan Machinery Insider Ups Holding During Year

August 28, 2023 | markets.businessinsider.com

Robert W. Baird Sticks to Its Hold Rating for Titan Machinery (TITN)

August 15, 2023 | seekingalpha.com

Titan Machinery: A Giant Amongst Dealerships

August 13, 2023 | finance.yahoo.com

When Should You Buy Titan Machinery Inc. (NASDAQ:TITN)?

August 10, 2023 | finance.yahoo.com

Titan Machinery Inc. to Report Fiscal Second Quarter Ended July 31, 2023 Results on Thursday, August 31, 2023

July 30, 2023 | finance.yahoo.com

Those who invested in Titan Machinery (NASDAQ:TITN) three years ago are up 191%

See More Headlines

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TITN Company Calendar

Last Earnings: 8/31/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/29/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Retail stores, not elsewhere classified
Sub-Industry: Trading Companies & Distributors
Sector: Retail/Wholesale
Current Symbol: NASDAQ:TITN
CUSIP: 88830R10
CIK: 1409171
Web: www.titanmachinery.com
Phone: (701) 356-0130
Fax: 701-356-0139
Employees: 2,886
Year Founded: 1980

Price Target and Rating

Average Stock Price Forecast: $42.50
High Stock Price Forecast: $50.00
Low Stock Price Forecast: $30.00
Forecasted Upside/Downside: +61.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.19
Trailing P/E Ratio: 5.07
Forward P/E Ratio: 5.29
P/E Growth: N/A
Net Income: $101.87 million
Net Margins: 4.78%
Pretax Margin: 6.31%
Return on Equity: 21.40%
Return on Assets: 9.07%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 1.50
Quick Ratio: 0.24

Sales & Book Value

Annual Sales: $2.21 billion
Price / Sales: 0.27
Cash Flow: $5.64 per share
Price / Cash Flow: 4.67
Book Value: $26.10 per share
Price / Book: 1.01

Miscellaneous

Outstanding Shares: 22,860,000
Free Float: 20,461,000
Market Cap: $601.90 million
Optionable: Optionable
Beta: 1.67

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Key Executives

Mr. David Joseph Meyer (Age 70)
Co-Founder, Chairman of Board & CEO
Comp: $486.88k

Mr. Bryan J. Knutson (Age 45)
Pres & COO
Comp: $1.16M

Mr. Robert Larsen (Age 38)
CFO & Treasurer
Comp: $786.42k

Mr. Jason Anderson
VP of HR & Admin.

Mr. Steve Noack
Gen. Counsel, Compliance Officer & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TITN Stock - Frequently Asked Questions

Should I buy or sell Titan Machinery stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Titan Machinery in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TITN shares.
View TITN analyst ratings or view top-rated stocks.
What is Titan Machinery's stock price forecast for 2023?: 5 brokerages have issued 12 month target prices for Titan Machinery's stock. Their TITN share price forecasts range from $30.00 to $50.00. On average, they expect the company's share price to reach $42.50 in the next twelve months. This suggests a possible upside of 61.4% from the stock's current price.
View analysts price targets for TITN or view top-rated stocks among Wall Street analysts.
How have TITN shares performed in 2023?: Titan Machinery's stock was trading at $39.73 at the start of the year. Since then, TITN stock has decreased by 33.7% and is now trading at $26.33.
View the best growth stocks for 2023 here.
When is Titan Machinery's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our TITN earnings forecast.
How were Titan Machinery's earnings last quarter?: Titan Machinery Inc. (NASDAQ:TITN) issued its earnings results on Thursday, August, 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.21. The company had revenue of $642.60 million for the quarter, compared to analysts' expectations of $599.86 million. Titan Machinery had a trailing twelve-month return on equity of 21.40% and a net margin of 4.78%. The company's revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS.
What ETFs hold Titan Machinery's stock?: ETFs with the largest weight of Titan Machinery (NASDAQ:TITN) stock in their portfolio include Global X AgTech & Food Innovation ETF (KROP), First Trust Dow Jones Select Microcap Index Fund (FDM), Roundhill Acquirers Deep Value ETF (DEEP) and ERShares NextGen Entrepreneurs ETF (ERSX).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).
What guidance has Titan Machinery issued on next quarter's earnings?: Titan Machinery issued an update on its FY 2024 earnings guidance on Friday, September, 1st. The company provided earnings per share (EPS) guidance of $4.60-$5.25 for the period, compared to the consensus earnings per share estimate of $4.90. The company issued revenue guidance of -.
What is David J. Meyer's approval rating as Titan Machinery's CEO?: 25 employees have rated Titan Machinery Chief Executive Officer David J. Meyer on Glassdoor.com. David J. Meyer has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Titan Machinery own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Titan Machinery investors own include Intel (INTC), Micron Technology (MU), Starbucks (SBUX), Cisco Systems (CSCO), General Electric (GE), Pfizer (PFE), Twitter (TWTR), Verizon Communications (VZ), AbbVie (ABBV) and Adobe (ADBE).
What is Titan Machinery's stock symbol?: Titan Machinery trades on the NASDAQ under the ticker symbol "TITN."
Who are Titan Machinery's major shareholders?: Titan Machinery's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.87%), BlackRock Inc. (7.50%), Principal Financial Group Inc. (5.61%), Global Alpha Capital Management Ltd. (3.91%), Nuveen Asset Management LLC (2.32%) and Nuveen Asset Management LLC (2.32%). Insiders that own company stock include Bryan J Knutson, David Joseph Meyer, Stan K Erickson and Tony Christianson.
View institutional ownership trends.
How do I buy shares of Titan Machinery?: Shares of TITN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Titan Machinery's stock price today?: One share of TITN stock can currently be purchased for approximately $26.33.
How much money does Titan Machinery make?: Titan Machinery (NASDAQ:TITN) has a market capitalization of $601.90 million and generates $2.21 billion in revenue each year. The company earns $101.87 million in net income (profit) each year or $5.19 on an earnings per share basis.
How many employees does Titan Machinery have?: The company employs 2,886 workers across the globe.
Does Titan Machinery have any subsidiaries?: The following companies are subsidiares of Titan Machinery: AGRAM Landtechnik Rollwitz GmbH, AGRAM Landtechnikvertrieb GmbH, Aberdeen Equipment Co., Anderson Power and Equipment Inc., Avoca Operations Inc., Farm Power Inc., Fergus International Inc., Greenfield Operations Inc., H.C. Clark Implement Co. Inc., HorizonWest, Huron Equipment Co., Jaycox, NW Property Solutions LLC, Piorier Equipment Company Inc, Quad County Implement Inc., RAJ Equipment, Red Power International Inc., Redfield Equipment Co., Reiten and Young International Inc., Richland County Implement Inc., Schoffman's Inc., Smith International Inc., Titan European Holdings S.a.r.l., Titan Machinery Austria GmbH, Titan Machinery Bulgaria AD, Titan Machinery Deutschland GmbH, Titan Machinery Romania S.R.L., Titan Machinery Ukraine LLC, Twin City Implement Inc., Valley Farm Equipment Inc., Vern Anderson Inc., Western Plains Machinery Co., and Winger Implement Inc..
Read More
How can I contact Titan Machinery?: Titan Machinery's mailing address is 644 EAST BEATON DRIVE, WEST FARGO ND, 58078. The official website for the company is www.titanmachinery.com. The company can be reached via phone at (701) 356-0130, via email at john.mills@icrinc.com, or via fax at 701-356-0139.

This page (NASDAQ:TITN) was last updated on 9/28/2023 by MarketBeat.com Staff

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Titan Machinery (TITN) Stock Forecast, Price & News

Titan Machinery MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Titan Machinery (NASDAQ:TITN) Stock

TITN Price History

TITN Stock News Headlines

TITN Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

TITN Stock - Frequently Asked Questions

Overall MarketRank^™