Titan Machinery Inc. (NASDAQ:TITN) Receives $45.33 Average PT from Analysts

Titan Machinery Inc. (NASDAQ:TITN) has been given an average recommendation of “Buy” by the four brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $45.33.

Separately, TheStreet lowered Titan Machinery from a “b-” rating to a “c+” rating in a research report on Monday, February 26th.

Titan Machinery Stock Down 1.2 %

TITN stock opened at $23.16 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.19 and a current ratio of 1.32. The company has a market capitalization of $528.51 million, a price-to-earnings ratio of 4.69 and a beta of 1.41. Titan Machinery has a fifty-two week low of $21.44 and a fifty-two week high of $35.88. The stock has a fifty day moving average of $23.64 and a 200-day moving average of $25.51.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Thursday, March 21st. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Titan Machinery had a return on equity of 18.40% and a net margin of 4.08%. The business had revenue of $852.10 million for the quarter, compared to analysts’ expectations of $734.99 million. During the same quarter in the prior year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 46.2% on a year-over-year basis. As a group, equities research analysts predict that Titan Machinery will post 3.35 earnings per share for the current year.

Institutional Investors Weigh In On Titan Machinery

A number of hedge funds have recently made changes to their positions in TITN. Cambridge Investment Research Advisors Inc. raised its position in Titan Machinery by 3.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,252 shares of the company’s stock valued at $432,000 after purchasing an additional 469 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in Titan Machinery in the third quarter worth approximately $880,000. Victory Capital Management Inc. grew its stake in Titan Machinery by 3.6% in the third quarter. Victory Capital Management Inc. now owns 281,520 shares of the company’s stock worth $7,483,000 after purchasing an additional 9,734 shares in the last quarter. Barclays PLC grew its stake in Titan Machinery by 68.0% in the third quarter. Barclays PLC now owns 14,514 shares of the company’s stock worth $386,000 after purchasing an additional 5,873 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP boosted its position in Titan Machinery by 9.8% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 238,270 shares of the company’s stock valued at $6,333,000 after acquiring an additional 21,319 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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.