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Titan Machinery (TITN) Soars: Stock Adds 14.8% in Session

Zacks Equity Research

Titan Machinery, Inc. (TITN) was a big mover last session, as the company saw its shares rise nearly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.88 to $16.12 in the past one month.

In the last 30 days, the company did not witness any estimate revision but the Zacks Consensus Estimate has gone down, suggesting there may be trouble down the road. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Titan Machinery currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the broader auto/truck industry include Penske Automotive Group, Inc. (PAG), Lithia Motors Inc. (LAD) and Daimler AG (DDAIF). While Penske Automotive Group carries a Zacks Rank #2 (Buy), Lithia Motors and Daimler AG hold a Zacks Rank #1 (Strong Buy).

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S&P/TSX CAPPED INDUSTRIALS INDEX (TTIN): Free Stock Analysis Report

PENSKE AUTOMOTIVE GROUP INC (PAG): Free Stock Analysis Report

LITHIA MOTORS INC (LAD): Free Stock Analysis Report

DAIMLER AG (DDAIF): Free Stock Analysis Report


Zacks Investment Research