Robert W. Baird upgraded shares of Titan Machinery (NASDAQ:TITN – Free Report) from a neutral rating to an outperform rating in a report published on Monday, Marketbeat Ratings reports. The brokerage currently has $25.00 price target on the stock, up from their previous price target of $14.00.
Titan Machinery Stock Performance
TITN stock opened at $17.39 on Monday. The business’s fifty day moving average is $14.73 and its 200-day moving average is $14.72. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The company has a market cap of $402.23 million, a P/E ratio of 12.98 and a beta of 1.30. Titan Machinery has a twelve month low of $12.30 and a twelve month high of $28.29.
Titan Machinery (NASDAQ:TITN – Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $679.80 million for the quarter, compared to the consensus estimate of $675.30 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.32 EPS. Equities research analysts forecast that Titan Machinery will post 0.05 EPS for the current year.
Institutional Trading of Titan Machinery
About Titan Machinery
Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. 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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