Titan Machinery Inc. (NASDAQ:TITN) Receives $22.25 Consensus PT from Brokerages

Titan Machinery Inc. (NASDAQ:TITN) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $22.25.

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Titan Machinery from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Titan Machinery in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio lifted its stake in Titan Machinery by 14.2% in the 3rd quarter. Strs Ohio now owns 32,100 shares of the company’s stock valued at $537,000 after buying an additional 4,000 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Titan Machinery by 12.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 430,374 shares of the company’s stock valued at $7,204,000 after buying an additional 46,431 shares in the last quarter. Pullen Investment Management LLC lifted its stake in Titan Machinery by 16.6% in the 3rd quarter. Pullen Investment Management LLC now owns 39,336 shares of the company’s stock worth $658,000 after purchasing an additional 5,610 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Titan Machinery in the 3rd quarter worth approximately $32,000. Finally, Assenagon Asset Management S.A. lifted its stake in Titan Machinery by 9.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 25,370 shares of the company’s stock worth $425,000 after purchasing an additional 2,193 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Price Performance

NASDAQ:TITN opened at $16.40 on Wednesday. Titan Machinery has a 52 week low of $12.50 and a 52 week high of $23.41. The company has a quick ratio of 0.18, a current ratio of 1.31 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $383.32 million, a PE ratio of -6.07 and a beta of 1.27. The stock’s 50-day moving average price is $17.74 and its 200-day moving average price is $18.73.

Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, August 28th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.30. The firm had revenue of $546.43 million for the quarter, compared to analysts’ expectations of $503.80 million. Titan Machinery had a negative return on equity of 9.99% and a negative net margin of 2.37%. Titan Machinery has set its FY 2026 guidance at -2.000–1.500 EPS.

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.