In a report issued on October 10, Mircea Dobre from Robert W. Baird reiterated a Buy rating on Titan Machinery Inc (NASDAQ: TITN), with a price target of $18. The company’s shares opened today at $15.61.
According to TipRanks.com, Dobre is a 4-star analyst with an average return of 10.5% and a 67.5% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, John Bean Technologies, and Hyster-Yale Materials.
Titan Machinery Inc has an analyst consensus of Moderate Buy, with a price target consensus of $16.50.
Based on Titan Machinery Inc’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $269 million and GAAP net loss of $5.09 million. In comparison, last year the company earned revenue of $278 million and had a GAAP net loss of $2.47 million.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TITN in relation to earlier this year. Last month, Mark Kalvoda, the CFO of TITN bought 6,666 shares for a total of $56,661.
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Titan Machinery, Inc. engage in the management of agricultural and construction equipment stores. It operates through the following segments: Agriculture, Construction, and International.