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

Titan Machinery Inc. (NASDAQ:TITN) has been given an average recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.00.

Several analysts have issued reports on TITN shares. B. Riley cut 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. Craig Hallum dropped their target price on Titan Machinery from $25.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Northland Securities reaffirmed a “market perform” rating and issued a $25.00 price target on shares of Titan Machinery in a research note on Friday, September 13th. Northland Capmk downgraded Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. 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 Trading of Titan Machinery

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in Titan Machinery in the 2nd quarter worth $264,000. Dana Investment Advisors Inc. raised its stake in Titan Machinery by 32.9% in the second quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after buying an additional 95,221 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Titan Machinery by 23.5% in the second quarter. AQR Capital Management LLC now owns 164,064 shares of the company’s stock worth $2,609,000 after buying an additional 31,199 shares during the period. Squarepoint Ops LLC boosted its position in Titan Machinery by 552.2% during the 2nd quarter. Squarepoint Ops LLC now owns 87,648 shares of the company’s stock valued at $1,394,000 after acquiring an additional 74,209 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of Titan Machinery by 39.1% during the 2nd quarter. Gabelli Funds LLC now owns 128,000 shares of the company’s stock worth $2,035,000 after acquiring an additional 36,000 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Stock Performance

Shares of NASDAQ TITN opened at $14.28 on Friday. The stock’s 50-day moving average is $14.75 and its 200 day moving average is $18.53. The stock has a market cap of $330.30 million, a price-to-earnings ratio of 3.43 and a beta of 1.26. Titan Machinery has a 1-year low of $12.30 and a 1-year high of $29.30. The company has a current ratio of 1.27, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results 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 business had revenue of $633.70 million for the quarter, compared to analysts’ expectations of $645.28 million. During the same period last year, the business posted $1.38 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate 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.