Titan Equipment (NASDAQ:TITN – Get Rating) issued an replace on its FY 2023 earnings steering on Friday morning. The corporate supplied earnings per share steering of $4.55-$4.85 for the interval, in comparison with the consensus earnings per share estimate of $3.97. The corporate issued income steering of -.
Titan Equipment Buying and selling Up 1.6 %
Titan Machinery stock opened at $39.84 on Friday. The corporate has a debt-to-equity ratio of 0.18, a fast ratio of 0.37 and a present ratio of 1.74. The enterprise’s 50-day easy transferring common is $36.79 and its 200-day easy transferring common is $31.05. The agency has a market capitalization of $904.77 million, a PE ratio of 8.49 and a beta of 1.65. Titan Equipment has a 52 week low of $21.50 and a 52 week excessive of $44.35.
Analysts Set New Value Targets
TITN has been the subject of a lot of latest analyst experiences. Stephens lifted their worth goal on Titan Equipment to $53.00 in a analysis be aware on Friday, December 2nd. StockNews.com initiated protection on Titan Equipment in a analysis be aware on Wednesday, October twelfth. They issued a purchase score on the inventory. Lastly, B. Riley initiated protection on Titan Equipment in a analysis be aware on Tuesday, December thirteenth. They issued a purchase score and a $48.00 worth goal on the inventory. One funding analyst has rated the inventory with a maintain score and three have assigned a purchase score to the corporate. In accordance with MarketBeat, Titan Equipment has a mean score of Average Purchase and a mean goal worth of $45.00.
Hedge Funds Weigh In On Titan Equipment
Institutional traders and hedge funds have just lately added to or decreased their stakes within the firm. Point72 Hong Kong Ltd purchased a brand new place in Titan Equipment in the course of the first quarter valued at about $54,000. Quantbot Applied sciences LP purchased a brand new place in Titan Equipment in the course of the second quarter valued at about $161,000. Authorized & Normal Group Plc elevated its stake in Titan Equipment by 251.2% in the course of the second quarter. Authorized & Normal Group Plc now owns 7,273 shares of the corporate’s inventory valued at $163,000 after buying a further 5,202 shares in the course of the interval. XTX Topco Ltd purchased a brand new place in Titan Equipment in the course of the first quarter valued at about $239,000. Lastly, MetLife Funding Administration LLC elevated its stake in Titan Equipment by 16.0% in the course of the first quarter. MetLife Funding Administration LLC now owns 9,539 shares of the corporate’s inventory valued at $270,000 after buying a further 1,313 shares in the course of the interval. 81.30% of the inventory is at the moment owned by institutional traders.
Titan Equipment Firm Profile
Titan Equipment Inc owns and operates a community of full-service agricultural and building gear shops in the USA and Europe. It operates by three segments: Agriculture, Building, and Worldwide. The corporate sells new and used gear, together with agricultural and building gear manufactured below the CNH Industrial household of manufacturers, in addition to gear from numerous different producers.
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