Brokerages Set Titan Machinery Inc. (NASDAQ:TITN) PT at $41.50

Titan Machinery Inc. (NASDAQ:TITNGet Free Report) has received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $41.50.

Separately, Stephens reissued an “overweight” rating and issued a $42.00 target price on shares of Titan Machinery in a research note on Friday, January 12th.

Read Our Latest Research Report on Titan Machinery

Institutional Trading of Titan Machinery

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in Titan Machinery by 2.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,720 shares of the company’s stock valued at $327,000 after buying an additional 305 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of Titan Machinery by 1.7% during the 4th quarter. SummerHaven Investment Management LLC now owns 23,303 shares of the company’s stock worth $673,000 after purchasing an additional 391 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Titan Machinery by 3.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,581 shares of the company’s stock worth $383,000 after purchasing an additional 422 shares during the period. Royal Bank of Canada grew its holdings in shares of Titan Machinery by 3.1% during the 2nd quarter. Royal Bank of Canada now owns 15,579 shares of the company’s stock worth $459,000 after purchasing an additional 466 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Titan Machinery by 3.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,252 shares of the company’s stock worth $432,000 after purchasing an additional 469 shares during the period. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Titan Machinery Trading Up 3.9 %

NASDAQ:TITN opened at $28.09 on Friday. The stock has a fifty day simple moving average of $27.20 and a 200-day simple moving average of $27.15. Titan Machinery has a 52-week low of $21.44 and a 52-week high of $47.87. The company has a market capitalization of $641.86 million, a PE ratio of 5.99 and a beta of 1.43. The company has a quick ratio of 0.24, a current ratio of 1.45 and a debt-to-equity ratio of 0.14.

Titan Machinery (NASDAQ:TITNGet Free Report) last announced its earnings results on Thursday, November 30th. The company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.19). Titan Machinery had a net margin of 4.28% and a return on equity of 18.39%. The firm had revenue of $694.10 million during the quarter, compared to analyst estimates of $727.20 million. During the same period in the previous year, the firm posted $1.83 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Titan Machinery will post 4.86 earnings per share for the current fiscal year.

Titan Machinery Company Profile

(Get Free Report

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.

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Analyst Recommendations for Titan Machinery (NASDAQ:TITN)

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