Somewhat Positive Press Coverage Somewhat Unlikely to Affect Titan Machinery (TITN) Stock Price
News stories about Titan Machinery (NASDAQ:TITN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Titan Machinery earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.2525048428306 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Titan Machinery Inc. (TITN) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- BidaskClub Lowers Titan Machinery Inc. (TITN) to Hold (americanbankingnews.com)
- Piper Jaffray Companies Reiterates Hold Rating for Titan Machinery Inc. (NASDAQ:TITN) (americanbankingnews.com)
- Titan Machinery, Inc. breached its 50 day moving average in a Bullish Manner : TITN-US : August 2, 2017 (finance.yahoo.com)
TITN has been the subject of several recent analyst reports. BidaskClub downgraded shares of Titan Machinery from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Titan Machinery from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, June 30th. TheStreet raised shares of Titan Machinery from a “d+” rating to a “c-” rating in a report on Monday, April 10th. Piper Jaffray Companies set a $18.00 price target on shares of Titan Machinery and gave the company a “hold” rating in a report on Friday. Finally, ValuEngine raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.67.
Shares of Titan Machinery (TITN) opened at 17.41 on Tuesday. The firm has a 50-day moving average of $17.97 and a 200-day moving average of $15.66. The company’s market capitalization is $372.09 million. Titan Machinery has a one year low of $8.68 and a one year high of $19.22.
Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, May 25th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.06. Titan Machinery had a negative return on equity of 4.11% and a negative net margin of 1.37%. The company had revenue of $264.10 million for the quarter, compared to the consensus estimate of $257 million. During the same period last year, the firm earned ($0.21) earnings per share. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. Equities research analysts expect that Titan Machinery will post $0.03 EPS for the current fiscal year.
In other Titan Machinery news, Chairman David Joseph Meyer sold 44,950 shares of Titan Machinery stock in a transaction on Friday, May 26th. The shares were sold at an average price of $17.25, for a total transaction of $775,387.50. Following the completion of the transaction, the chairman now directly owns 724,660 shares of the company’s stock, valued at $12,500,385. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 16.08% of the company’s stock.
Titan Machinery Company Profile
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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