Titan Machinery Inc. (NASDAQ:TITN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Titan Machinery Inc. (NASDAQ:TITN) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.50.

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Titan Machinery in a research report on Thursday, January 22nd. Wall Street Zen raised Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Robert W. Baird cut their price target on Titan Machinery from $21.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TITN. Quarry LP increased its holdings in Titan Machinery by 189.8% in the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock worth $26,000 after acquiring an additional 1,006 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Titan Machinery in the third quarter worth approximately $32,000. Tower Research Capital LLC TRC boosted its position in shares of Titan Machinery by 352.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock worth $52,000 after purchasing an additional 2,043 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Titan Machinery by 94.3% in the third quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock worth $67,000 after purchasing an additional 1,957 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Titan Machinery in the fourth quarter worth $101,000. 78.38% of the stock is currently owned by institutional investors.

Titan Machinery Price Performance

Shares of NASDAQ:TITN opened at $16.10 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $376.26 million, a PE ratio of -6.76 and a beta of 1.23. The firm’s 50 day moving average price is $17.68 and its 200-day moving average price is $16.92. Titan Machinery has a twelve month low of $13.21 and a twelve month high of $23.41.

Titan Machinery (NASDAQ:TITN) last announced its earnings results on Thursday, March 19th. The company reported ($1.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.99) by ($0.44). Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.29%. The business had revenue of $641.83 million for the quarter, compared to the consensus estimate of $615.53 million.

About Titan Machinery

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.