Titan Machinery Inc. (NASDAQ:TITN) Receives Consensus Rating of “Moderate Buy” from Analysts

Titan Machinery Inc. (NASDAQ:TITN) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $19.20.

TITN has been the subject of several research analyst reports. Robert W. Baird upgraded Titan Machinery from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $25.00 in a research note on Monday, January 27th. Baird R W upgraded 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

A number of large investors have recently modified their holdings of the stock. American Century Companies Inc. grew its stake in shares of Titan Machinery by 0.5% in the fourth quarter. American Century Companies Inc. now owns 1,229,637 shares of the company’s stock valued at $17,375,000 after buying an additional 5,938 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Titan Machinery by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,193,202 shares of the company’s stock valued at $16,860,000 after buying an additional 4,955 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Titan Machinery by 2.0% in the fourth quarter. William Blair Investment Management LLC now owns 920,090 shares of the company’s stock valued at $13,001,000 after buying an additional 17,689 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Titan Machinery by 5.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 868,401 shares of the company’s stock valued at $12,270,000 after buying an additional 48,445 shares in the last quarter. Finally, Voss Capital LP grew its stake in shares of Titan Machinery by 141.7% in the fourth quarter. Voss Capital LP now owns 684,459 shares of the company’s stock valued at $9,671,000 after buying an additional 401,302 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Titan Machinery Stock Up 0.7 %

Shares of NASDAQ:TITN opened at $19.31 on Friday. The stock’s fifty day simple moving average is $15.99 and its 200-day simple moving average is $14.95. Titan Machinery has a 52-week low of $12.30 and a 52-week high of $27.13. The company has a market capitalization of $446.64 million, a P/E ratio of 14.41 and a beta of 1.31. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20.

Titan Machinery (NASDAQ:TITN) last released its earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $679.80 million for the quarter, compared to the consensus estimate of $675.30 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 earnings per share.

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.