Titan Machinery - TITN Stock Forecast, Price & News

3 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 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TITN shares.
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3 brokers have issued 1 year price objectives for Titan Machinery's shares. Their TITN share price forecasts range from $34.00 to $53.00. On average, they expect the company's stock price to reach $45.00 in the next year. This suggests that the stock has a possible downside of 1.5%.
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Titan Machinery's stock was trading at $39.73 on January 1st, 2023. Since then, TITN stock has increased by 15.0% and is now trading at $45.67.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 23rd 2023.
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Titan Machinery Inc. (NASDAQ:TITN) released its earnings results on Wednesday, November, 30th. The company reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.68. The firm had revenue of $668.77 million for the quarter, compared to analysts' expectations of $655 million. Titan Machinery had a net margin of 4.98% and a trailing twelve-month return on equity of 22.81%.

Titan Machinery updated its FY 2023 earnings guidance on Friday, December, 30th. The company provided EPS guidance of $4.55-$4.85 for the period, compared to the consensus earnings per share estimate of $3.97. The company issued revenue guidance of -.

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.

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).

Titan Machinery trades on the NASDAQ under the ticker symbol "TITN."

Titan Machinery's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.76%), Waypoint Capital Advisors LLC (0.29%), Summit Global Investments (0.25%), North Star Investment Management Corp. (0.17%), Navellier & Associates Inc. (0.16%) and Alpha DNA Investment Management LLC (0.11%). Insiders that own company stock include Bryan J Knutson, David Joseph Meyer and Tony Christianson.
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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.
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One share of TITN stock can currently be purchased for approximately $45.67.

Titan Machinery (NASDAQ:TITN) has a market capitalization of $1.04 billion and generates $1.71 billion in revenue each year. The company earns $66.05 million in net income (profit) each year or $4.69 on an earnings per share basis.

The company employs 2,436 workers across the globe.

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.