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

Shares of Titan Machinery Inc. (NASDAQ:TITN) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $21.00.

TITN has been the subject of a number of analyst reports. Northland Capmk downgraded Titan Machinery from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Northland Securities reissued a “market perform” rating and issued a $25.00 target price on shares of Titan Machinery in a research note on Friday, September 13th. Craig Hallum dropped their price target on shares of Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Robert W. Baird decreased their price objective 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. Finally, Lake Street Capital cut shares of Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a report on Thursday, August 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cetera Advisors LLC acquired a new position in shares of Titan Machinery in the first quarter valued at approximately $1,095,000. Quest Partners LLC acquired a new position in Titan Machinery in the 4th quarter valued at $165,000. Gabelli Funds LLC increased its position in Titan Machinery by 31.4% during the 4th quarter. Gabelli Funds LLC now owns 92,000 shares of the company’s stock worth $2,657,000 after buying an additional 22,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Titan Machinery by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,783,274 shares of the company’s stock worth $51,501,000 after buying an additional 22,176 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Titan Machinery by 22.0% in the first quarter. First Eagle Investment Management LLC now owns 240,261 shares of the company’s stock valued at $5,961,000 after acquiring an additional 43,400 shares during the period. 78.38% of the stock is owned by institutional investors.

Titan Machinery Stock Down 1.9 %

NASDAQ:TITN opened at $14.11 on Friday. The stock has a 50-day simple moving average of $15.07 and a 200 day simple moving average of $18.98. Titan Machinery has a 52-week low of $12.30 and a 52-week high of $29.30. The company has a market cap of $321.96 million, a PE ratio of 3.39 and a beta of 1.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 1.27.

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