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

A number of research firms have weighed in on TITN. TheStreet cut shares of Titan Machinery from a "b" rating to a "c+" rating in a report on Thursday, May 26th. Robert W. Baird boosted their price target on shares of Titan Machinery from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 11th. Finally, Stephens decreased their price objective on shares of Titan Machinery from $44.00 to $41.00 and set an "overweight" rating for the company in a research note on Friday, May 27th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently 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 $32.29 on Friday. The firm's fifty day simple moving average is $26.01 and its 200-day simple moving average is $26.82. Titan Machinery has a 12 month low of $21.50 and a 12 month high of $38.58. The stock has a market capitalization of $728.61 million, a price-to-earnings ratio of 9.96 and a beta of 1.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.79 and a quick ratio of 0.61.

Titan Machinery (NASDAQ:TITN - Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.28. Titan Machinery had a net margin of 4.06% and a return on equity of 17.72%. The company had revenue of $461.10 million for the quarter, compared to analyst estimates of $409.00 million. During the same period in the previous year, the business posted $0.46 earnings per share. Titan Machinery's quarterly revenue was up 23.7% on a year-over-year basis. As a group, equities analysts forecast that Titan Machinery will post 3.19 earnings per share for the current year.