Alert: Rating Downgrade (12/15/23)-Titan Machinery Inc (NASDAQ: TITN).


Stock Rating Downgrade

The Value Trend Rating for Titan Machinery Inc (NASDAQ: TITN) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.


Recent Price Action

On 12/15/23, Titan Machinery Inc (NASDAQ: TITN) stock enjoyed a large increase of 3.2%, closing at $27.89. Moreover, exceptionally high trading volume at 275% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 7.1% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, TITN is expected to continue to be a Value Builder.

Titan Machinery has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Titan Machinery has a very high Appreciation Score of 86 but a slightly negative Power Rating of 37, producing the High Neutral Value Trend Rating.

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