Titan Machinery Inc. (NASDAQ:TITN) Given Average Recommendation of “Hold” by Analysts
by Amy Steele · The Cerbat GemTitan Machinery Inc. (NASDAQ:TITN – Get Free Report) has received a consensus rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $20.50.
Several analysts have weighed in on TITN shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Titan Machinery in a research report on Thursday, January 22nd. Wall Street Zen cut Titan Machinery from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Robert W. Baird dropped their price target on Titan Machinery from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th.
Check Out Our Latest Stock Report on Titan Machinery
Institutional Trading of Titan Machinery
A number of hedge funds have recently modified their holdings of TITN. Quarry LP grew its position in shares of 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 buying an additional 1,006 shares during the period. New York State Teachers Retirement System purchased a new position in Titan Machinery during the 3rd quarter valued at about $32,000. Tower Research Capital LLC TRC boosted 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 in the last quarter. BNP Paribas Financial Markets grew its holdings in 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 during the period. Finally, SG Americas Securities LLC purchased a new stake in Titan Machinery in the fourth quarter worth about $101,000. Institutional investors own 78.38% of the company’s stock.
Titan Machinery Price Performance
Shares of Titan Machinery stock opened at $17.24 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. Titan Machinery has a 12-month low of $13.21 and a 12-month high of $23.41. The company has a market cap of $402.55 million, a P/E ratio of -7.24 and a beta of 1.26. The company’s fifty day simple moving average is $17.74 and its two-hundred day simple moving average is $16.82.
Titan Machinery (NASDAQ:TITN – Get Free Report) last announced its earnings results on Thursday, March 19th. The company reported ($1.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.99) by ($0.44). Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.40%. The company 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.