Titan Machinery (NASDAQ:TITN) Cut to Sell at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Titan Machinery in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Titan Machinery has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Titan Machinery Stock Up 0.1%

TITN opened at $16.40 on Friday. Titan Machinery has a 1 year low of $12.50 and a 1 year high of $23.41. The firm has a 50 day moving average price of $17.74 and a 200 day moving average price of $18.73. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.18 and a current ratio of 1.31. The company has a market cap of $383.32 million, a PE ratio of -6.07 and a beta of 1.27.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC boosted its holdings in Titan Machinery by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 52,127 shares of the company’s stock worth $1,033,000 after purchasing an additional 872 shares during the period. Gabelli Funds LLC lifted its position in shares of Titan Machinery by 1.1% in the 1st quarter. Gabelli Funds LLC now owns 94,500 shares of the company’s stock worth $1,610,000 after buying an additional 1,000 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Titan Machinery by 42.8% during the 1st quarter. New York State Common Retirement Fund now owns 4,674 shares of the company’s stock valued at $80,000 after buying an additional 1,400 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Titan Machinery during the 3rd quarter valued at about $32,000. Finally, Tower Research Capital LLC TRC raised its stake in Titan Machinery by 352.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock worth $52,000 after acquiring an additional 2,043 shares during the period. 78.38% of the stock is currently owned by institutional investors.

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.