Titan Machinery (NASDAQ:TITN) Stock Rating Lowered by Wall Street Zen

Titan Machinery (NASDAQ:TITN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other research analysts also recently issued research reports about the company. Northland Securities upgraded Titan Machinery from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research note on Friday, April 11th. B. Riley raised their target price on Titan Machinery from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 27th. Northland Capmk upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. Finally, Lake Street Capital reiterated a “hold” rating and set a $18.00 price target (up previously from $15.00) on shares of Titan Machinery in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Titan Machinery has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Titan Machinery Stock Down 0.3%

Shares of NASDAQ TITN opened at $18.98 on Friday. Titan Machinery has a 52 week low of $12.30 and a 52 week high of $23.41. The business has a 50-day simple moving average of $19.65 and a two-hundred day simple moving average of $18.17. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The company has a market cap of $438.06 million, a P/E ratio of -7.22 and a beta of 1.37.

Titan Machinery (NASDAQ:TITN) last issued its earnings results on Thursday, May 22nd. The company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.79) by $0.21. Titan Machinery had a negative return on equity of 8.22% and a negative net margin of 2.23%. The business had revenue of $594.34 million during the quarter, compared to the consensus estimate of $445.76 million.

Institutional Trading of Titan Machinery

A number of large investors have recently modified their holdings of TITN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Titan Machinery by 109.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,817,108 shares of the company’s stock valued at $30,964,000 after acquiring an additional 948,707 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Titan Machinery during the 1st quarter valued at about $10,716,000. Voss Capital LP raised its holdings in shares of Titan Machinery by 141.7% during the 4th 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. Stephens Investment Management Group LLC purchased a new position in shares of Titan Machinery during the 2nd quarter valued at about $7,606,000. Finally, Royce & Associates LP raised its holdings in shares of Titan Machinery by 500.2% during the 1st quarter. Royce & Associates LP now owns 452,570 shares of the company’s stock valued at $7,712,000 after buying an additional 377,170 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

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.