Titan Machinery Inc. (NASDAQ:TITN) Receives Average Recommendation of “Hold” from Analysts

Shares of Titan Machinery Inc. (NASDAQ:TITN) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.00.

TITN has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Titan Machinery from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Northland Capmk lowered Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Craig Hallum decreased their target price on shares of Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. B. Riley dropped their price target on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, September 3rd. Finally, Lake Street Capital cut shares of Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research report on Thursday, August 15th.

Hedge Funds Weigh In On Titan Machinery

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Titan Machinery by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,164,276 shares of the company’s stock worth $28,886,000 after purchasing an additional 9,548 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Titan Machinery by 11.3% during the second quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock worth $18,373,000 after acquiring an additional 117,577 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Titan Machinery by 16.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock valued at $8,133,000 after acquiring an additional 84,330 shares during the last quarter. Dana Investment Advisors Inc. boosted 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 during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Titan Machinery by 28.8% during the 2nd quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock valued at $5,772,000 after buying an additional 81,248 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Titan Machinery Price Performance

Titan Machinery stock opened at $15.00 on Friday. The stock has a market cap of $346.95 million, a price-to-earnings ratio of 11.19 and a beta of 1.30. The company has a quick ratio of 0.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $14.50 and a 200 day simple moving average of $15.45. Titan Machinery has a 52 week low of $12.30 and a 52 week high of $29.30.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Titan Machinery had a net margin of 1.10% and a return on equity of 5.93%. The company had revenue of $679.80 million during the quarter, compared to the consensus estimate of $675.30 million. During the same period in the previous year, the firm posted $1.32 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, research analysts forecast that Titan Machinery will post 0.05 earnings per share for the current fiscal 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.