Somewhat Positive Media Coverage Somewhat Unlikely to Impact Titan Machinery (TITN) Share Price
Media stories about Titan Machinery (NASDAQ:TITN) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Titan Machinery earned a news impact score of 0.08 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.6485152844431 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several analysts have weighed in on TITN shares. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Titan Machinery in a report on Thursday, September 28th. ValuEngine raised Titan Machinery from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research cut Titan Machinery from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. Robert W. Baird set a $18.00 price target on Titan Machinery and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, BidaskClub cut Titan Machinery from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Titan Machinery presently has a consensus rating of “Hold” and an average price target of $18.00.
Titan Machinery (NASDAQ:TITN) opened at 14.90 on Tuesday. The company’s 50 day moving average price is $14.99 and its 200-day moving average price is $16.20. The stock’s market capitalization is $321.02 million. Titan Machinery has a one year low of $8.68 and a one year high of $19.22.
Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Thursday, August 31st. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Titan Machinery had a negative net margin of 1.61% and a negative return on equity of 3.69%. The firm had revenue of $268.87 million for the quarter, compared to the consensus estimate of $260.08 million. During the same period in the previous year, the company posted ($0.12) earnings per share. Titan Machinery’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts expect that Titan Machinery will post ($0.22) earnings per share for the current year.
In other news, Director Stan K. Erickson purchased 8,302 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average cost of $12.50 per share, with a total value of $103,775.00. Following the completion of the purchase, the director now owns 13,495 shares in the company, valued at $168,687.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.08% of the stock is currently owned by corporate insiders.
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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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