Titan Machinery Inc. (NASDAQ:TITN) Given Consensus Rating of “Hold” by Analysts

Titan Machinery Inc. (NASDAQ:TITN) has received an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $21.00.

Several research analysts have commented on TITN shares. Northland Securities reaffirmed a “market perform” rating and set a $25.00 price target on shares of Titan Machinery in a research report on Friday, September 13th. B. Riley decreased their target price on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd. Northland Capmk downgraded Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Robert W. Baird cut their price target on Titan Machinery from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Finally, Craig Hallum cut their price target on Titan Machinery from $25.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th.

Institutional Investors Weigh In On Titan Machinery

Several institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Titan Machinery in the third quarter worth about $105,000. Sanctuary Advisors LLC acquired a new stake in Titan Machinery during the second quarter valued at approximately $264,000. Dana Investment Advisors Inc. raised its stake in Titan Machinery by 32.9% during the second quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock valued at $6,114,000 after buying an additional 95,221 shares in the last quarter. AQR Capital Management LLC raised its stake in Titan Machinery by 23.5% during the second quarter. AQR Capital Management LLC now owns 164,064 shares of the company’s stock valued at $2,609,000 after buying an additional 31,199 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in Titan Machinery by 552.2% during the second quarter. Squarepoint Ops LLC now owns 87,648 shares of the company’s stock valued at $1,394,000 after buying an additional 74,209 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Price Performance

Shares of NASDAQ TITN opened at $14.76 on Thursday. The business’s 50 day moving average price is $14.02 and its 200 day moving average price is $17.54. The firm has a market cap of $341.40 million, a P/E ratio of 5.70 and a beta of 1.26. Titan Machinery has a 52 week low of $12.30 and a 52 week high of $29.30. The company has a quick ratio of 0.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.18.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.09). Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The company had revenue of $633.70 million during the quarter, compared to analysts’ expectations of $645.28 million. During the same quarter in the prior year, the company posted $1.38 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts expect that Titan Machinery will post 0.21 earnings per share for the current year.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.