Titan Machinery Inc. (NASDAQ:TITN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Titan Machinery Inc. (NASDAQ:TITN) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.20.

Several research firms have issued reports on TITN. Robert W. Baird upgraded Titan Machinery from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $14.00 to $25.00 in a research report on Monday, January 27th. Baird R W raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th.

Institutional Investors Weigh In On Titan Machinery

Several hedge funds have recently modified their holdings of the company. Systematic Financial Management LP purchased a new stake in Titan Machinery in the 3rd quarter worth approximately $483,000. ArrowMark Colorado Holdings LLC boosted its stake in Titan Machinery by 28.4% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock worth $4,762,000 after buying an additional 75,710 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Titan Machinery by 53.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 25,550 shares of the company’s stock valued at $387,000 after buying an additional 8,942 shares during the period. Barclays PLC grew its holdings in Titan Machinery by 287.0% in the 3rd quarter. Barclays PLC now owns 31,872 shares of the company’s stock valued at $444,000 after buying an additional 23,637 shares during the period. Finally, FMR LLC boosted its holdings in shares of Titan Machinery by 142.5% in the 3rd quarter. FMR LLC now owns 5,262 shares of the company’s stock valued at $73,000 after purchasing an additional 3,092 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Titan Machinery Price Performance

TITN stock opened at $17.05 on Friday. Titan Machinery has a 1 year low of $12.30 and a 1 year high of $27.13. The business’s 50-day moving average is $16.28 and its two-hundred day moving average is $15.01. The firm has a market capitalization of $394.30 million, a P/E ratio of 12.72 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results 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 return on equity of 5.91% and a net margin of 1.10%. The firm had revenue of $679.80 million for the quarter, compared to the consensus estimate of $675.30 million. During the same quarter last year, the business posted $1.32 EPS. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year.

About Titan Machinery

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.