Added to YB: 2024-11-27
Pitch date: 2024-10-11
TITN [bullish]
Titan Machinery Inc.
-3.61%
current return
Author Info
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Company Info
Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia.
Market Cap
$351.4M
Pitch Price
$14.14
Price Target
46.00 (+249%)
Dividend
N/A
Sector
Trading Companies and Distributors
Category
value
Show full summary:
Titan Machinery Inc. - $TITN
TITN: CNH's largest dealer at 0.6x P/TBV, 3.5-4.5x P/E. Aged fleet, low 10yr sales support short downturn. Base case $30 (+115%), 1.3x P/TBV. Upside $46 (+230%) on strong decade. Risks: used markdowns, crop prices, CNH dependence. Catalysts: inventory reduction, rates, cost cuts, crop prices.
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