Northland Securities Sticks to Their Hold Rating for Titan Machinery (TITN)

In a report released today, Ted Jackson from Northland Securities reiterated a Hold rating on Titan Machinery (TITN – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $16.07.

According to TipRanks, Jackson is a 3-star analyst with an average return of 5.0% and a 53.16% success rate. Jackson covers the Industrials sector, focusing on stocks such as Titan Machinery, CNH Industrial, and Mayville Engineering Company.

Titan Machinery has an analyst consensus of Hold, with a price target consensus of $17.60, representing a 9.52% upside. In a report released today, Lake Street also assigned a Hold rating to the stock with a $15.00 price target.

TITN market cap is currently $356.6M and has a P/E ratio of 5.99.

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Titan Machinery (TITN) Company Description:

Titan Machinery, Inc. engages in the management of agricultural and construction equipment stores. It operates through the following segments: Agriculture, Construction, and International. The Agriculture segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from large-scale farming to home and garden use in North America. The Construction segment focuses on machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery. The International segment deals with the customers in Eastern Europe. The company was founded by David Joseph Meyer in 1980 and is headquartered in West Fargo, ND.