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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TITN shares. Robert W. Baird lifted their target price on Titan Machinery from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 11th. TheStreet downgraded Titan Machinery from a "b" rating to a "c+" rating in a report on Thursday, May 26th. Finally, Stephens decreased 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. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $37.67.

Titan Machinery Stock Performance

Shares of Titan Machinery stock opened at $30.31 on Friday. The company has a market capitalization of $684.04 million, a PE ratio of 9.35 and a beta of 1.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.61 and a current ratio of 1.79. The company has a 50-day simple moving average of $25.54 and a two-hundred day simple moving average of $26.76. Titan Machinery has a one year low of $21.50 and a one year high of $38.58.

Titan Machinery (NASDAQ:TITN - Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.28. Titan Machinery had a return on equity of 17.72% and a net margin of 4.06%. The business had revenue of $461.10 million for the quarter, compared to analyst estimates of $409.00 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The company's revenue was up 23.7% on a year-over-year basis. Research analysts expect that Titan Machinery will post 3.17 EPS for the current fiscal year.