Titan Machinery (NASDAQ:TITN) Stock Rating Raised to Hold at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Titan Machinery (NASDAQ:TITN – Free Report) from a sell rating to a hold rating in a research report released on Sunday,Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Titan Machinery in a report on Friday, September 25th. Robert W. Baird upgraded Titan Machinery from a “neutral” rating to an “outperform” rating and set a $29.00 price target on the stock in a research note on Monday, August 31st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $29.00.

Get Our Latest Analysis on Titan Machinery

Titan Machinery Price Performance

Titan Machinery stock opened at $23.86 on Friday. The firm has a fifty day moving average of $22.95 and a 200-day moving average of $19.97. The firm has a market capitalization of $561.50 million, a P/E ratio of -9.58 and a beta of 1.41. Titan Machinery has a 52-week low of $13.21 and a 52-week high of $26.90. The company has a quick ratio of 0.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.33.

Titan Machinery (NASDAQ:TITN – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.04). Titan Machinery had a negative return on equity of 9.17% and a negative net margin of 2.46%. The company had revenue of $496.38 million during the quarter, compared to the consensus estimate of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. As a group, analysts predict that Titan Machinery will post -1.67 EPS for the current year.

Hedge Funds Weigh In On Titan Machinery

A number of institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc purchased a new position in Titan Machinery during the 2nd quarter valued at approximately $45,000. Canada Pension Plan Investment Board purchased a new position in Titan Machinery during the second quarter valued at approximately $289,000. State of Wyoming purchased a new position in Titan Machinery in the 2nd quarter valued at about $359,000. Engineers Gate Manager LP lifted its position in Titan Machinery by 17.7% during the second quarter. Engineers Gate Manager LP now owns 17,960 shares of the company’s stock worth $379,000 after buying an additional 2,700 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Titan Machinery in the 2nd quarter valued at approximately $459,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Titan Machinery Company Profile

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Titan Machinery Inc is a regional agricultural and construction equipment dealer headquartered in West Fargo, North Dakota. The company sells and rents new and used equipment, along with replacement parts and related products, and provides repair, maintenance and other support services to commercial and agricultural customers.

Its agricultural offerings include tractors, combines, planting and seeding equipment, sprayers, hay and forage equipment, and other farm machinery. The company also distributes construction equipment used in earthmoving, roadbuilding, material handling and related applications.

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