Titan Machinery (NASDAQ:TITN – Get Free Report) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm currently has a $25.00 target price on the stock, up from their prior target price of $14.00. Robert W. Baird’s target price suggests a potential upside of 38.05% from the company’s current price.
Titan Machinery Trading Up 4.1 %
TITN opened at $18.11 on Monday. Titan Machinery has a one year low of $12.30 and a one year high of $28.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. The stock has a market cap of $418.88 million, a price-to-earnings ratio of 13.52 and a beta of 1.30. The stock’s 50 day moving average price is $14.81 and its 200-day moving average price is $14.73.
Titan Machinery (NASDAQ:TITN – Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $679.80 million for the quarter, compared to analyst estimates of $675.30 million. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. On average, equities analysts forecast that Titan Machinery will post 0.05 EPS for the current year.
Hedge Funds Weigh In On Titan Machinery
Titan Machinery Company Profile
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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