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

Titan Machinery Inc. (NASDAQ:TITN) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment 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 brokers that have issued ratings on the stock in the last year is $21.00.

A number of research analysts have recently issued reports on TITN shares. Robert W. Baird lowered their price target on Titan Machinery from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Northland Capmk cut shares of 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 set a $25.00 price target on shares of Titan Machinery in a report on Friday, September 13th. Craig Hallum decreased their price objective on Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, B. Riley lowered their price objective 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.

Titan Machinery Stock Up 0.8 %

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

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.09). The company had revenue of $633.70 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 EPS. As a group, sell-side analysts anticipate that Titan Machinery will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Titan Machinery

A number of institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in shares of Titan Machinery in the second quarter worth $36,000. Canada Pension Plan Investment Board bought a new position in shares of Titan Machinery during the 2nd quarter valued at about $37,000. nVerses Capital LLC grew its position in shares of Titan Machinery by 118.2% during the second quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $38,000 after purchasing an additional 1,300 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Titan Machinery in the fourth quarter worth about $165,000. Finally, Waterfront Wealth Inc. purchased a new stake in shares of Titan Machinery in the second quarter worth about $177,000. 78.38% of the stock is 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.