Titan Machinery Troubles: A Rating Change And The Path Forward (Downgrade) [Seeking Alpha]
Titan Machinery Inc. (TITN)
Last titan machinery inc. earnings: 3/26 06:45 am
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US:NASDAQ Investor Relations:
ir.titanmachinery.com
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Source: Seeking Alpha
Summary Titan Machinery Inc. stock has significantly underperformed, dropping 54% since last July, despite initial promising indicators and a “Buy” rating based on undervaluation and growth prospects. Key risks include rising operating costs, increased interest expenses, declining international sales, and inventory buildup, which have severely impacted profitability and financial stability. Recent downgrades, weak earnings guidance, and falling commodity prices have further pressured the stock, leading to a 26.8% drop after disappointing Q2 forecasts. Despite current challenges, Titan Machinery remains undervalued with a solid balance sheet, suggesting a high-risk “Hold” rating as the market may have overreacted to recent setbacks. Jason Hosking/DigitalVision via Getty Images Thesis Since my write-up of Titan Machinery Inc. NASDAQ: TITN ) in July 2023 (“Titan Machinery: A Colossus Mispriced In The Agri-Construction Realm”), it's been one of my worst (long-term without u
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TITN
News
- Titan Machinery Inc. to Report Fiscal Third Quarter Ended October 31, 2024 Results on Tuesday, November 26, 2024GlobeNewswire
- Titan Machinery Inc.'s (NASDAQ:TITN) Intrinsic Value Is Potentially 36% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Titan Machinery Inc. (NASDAQ: TITN) had its "market perform" rating re-affirmed by analysts at Northland Securities. They now have a $25.00 price target on the stock.MarketBeat
- Titan Machinery Inc. (NASDAQ: TITN) had its price target lowered by analysts at B. Riley from $20.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Titan Machinery Inc. (NASDAQ:TITN) Released Earnings Last Week And Analysts Lifted Their Price Target To US$17.25 [Yahoo! Finance]Yahoo! Finance
TITN
Earnings
- 8/29/24 - Beat
TITN
Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/8/24 - Form SC
- 10/31/24 - Form SC
- TITN's page on the SEC website