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

Shares of Titan Machinery Inc. (NASDAQ:TITN) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $21.00.

A number of brokerages recently issued reports on TITN. B. Riley lowered their price target on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. 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 target price on shares of Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Northland Capmk cut Titan Machinery from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Robert W. Baird dropped their target price on shares of Titan Machinery from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, August 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Innealta Capital LLC bought a new position in Titan Machinery during the second quarter valued at about $36,000. Canada Pension Plan Investment Board acquired a new stake in Titan Machinery during the 2nd quarter valued at $37,000. nVerses Capital LLC lifted its stake in Titan Machinery by 118.2% in the 2nd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $38,000 after acquiring an additional 1,300 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Titan Machinery during the third quarter worth approximately $41,000. Finally, US Bancorp DE grew its holdings in shares of Titan Machinery by 116.2% during the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company’s stock valued at $43,000 after acquiring an additional 1,677 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Titan Machinery Price Performance

Titan Machinery stock opened at $14.44 on Monday. The firm has a market capitalization of $334.00 million, a price-to-earnings ratio of 5.58 and a beta of 1.25. The company has a fifty day simple moving average of $14.08 and a 200-day simple moving average of $16.24. Titan Machinery has a 52-week low of $12.30 and a 52-week high of $29.30. The company has a quick ratio of 0.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.18.

Titan Machinery (NASDAQ:TITN) last released its earnings results on Thursday, August 29th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.09). Titan Machinery had a net margin of 2.11% and a return on equity of 10.38%. The firm had revenue of $633.70 million during the quarter, compared to analyst estimates of $645.28 million. During the same period in the prior year, the firm earned $1.38 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. On average, equities 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.