Titan Machinery - TITN Stock Forecast, Price & News

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, 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.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stephens reduced their price objective on Titan Machinery from $44.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, May 27th. Robert W. Baird boosted their price target on Titan Machinery from $27.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 11th. Finally, TheStreet cut Titan Machinery from a "b" rating to a "c+" rating in a report on Thursday, May 26th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $37.67.

Titan Machinery Stock Performance

Titan Machinery stock opened at $31.52 on Tuesday. The firm has a market capitalization of $711.41 million, a P/E ratio of 9.73 and a beta of 1.71. The stock has a fifty day moving average price of $25.70 and a 200 day moving average price of $26.74. Titan Machinery has a 52 week low of $21.50 and a 52 week high of $38.58. The company has a current ratio of 1.79, a quick ratio of 0.61 and a debt-to-equity ratio of 0.18.

Titan Machinery (NASDAQ:TITN - Get Rating) last released its earnings results on Thursday, May 26th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.51 by $0.28. The firm had revenue of $461.10 million during the quarter, compared to analyst estimates of $409.00 million. Titan Machinery had a return on equity of 17.72% and a net margin of 4.06%. The business's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. Equities research analysts anticipate that Titan Machinery will post 3.17 earnings per share for the current year.