BidaskClub lowered shares of Titan Machinery (NASDAQ:TITN) from a hold rating to a sell rating in a research report report published on Friday, October 19th.
Several other equities research analysts have also recently weighed in on the company. ValuEngine cut Titan Machinery from a buy rating to a hold rating in a report on Wednesday, September 26th. Zacks Investment Research raised Titan Machinery from a hold rating to a strong-buy rating and set a $20.00 price target for the company in a research report on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Titan Machinery currently has an average rating of Hold and an average target price of $22.75.
Shares of TITN stock traded down $0.34 during mid-day trading on Friday, hitting $14.60. The stock had a trading volume of 75,173 shares, compared to its average volume of 157,281. Titan Machinery has a 12-month low of $13.28 and a 12-month high of $25.09. The stock has a market capitalization of $340.38 million, a price-to-earnings ratio of -121.67 and a beta of 1.60. The company has a current ratio of 1.43, a quick ratio of 0.29 and a debt-to-equity ratio of 0.07.
Large investors have recently made changes to their positions in the stock. Citigroup Inc. increased its position in Titan Machinery by 794.6% during the 1st quarter. Citigroup Inc. now owns 5,672 shares of the company’s stock valued at $133,000 after buying an additional 5,038 shares in the last quarter. Smith Asset Management Group LP increased its position in Titan Machinery by 190.3% during the 2nd quarter. Smith Asset Management Group LP now owns 9,793 shares of the company’s stock valued at $152,000 after buying an additional 6,420 shares in the last quarter. Trexquant Investment LP purchased a new stake in Titan Machinery during the 3rd quarter valued at about $178,000. Sun Life Financial INC purchased a new stake in Titan Machinery during the 2nd quarter valued at about $187,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Titan Machinery during the 2nd quarter valued at about $311,000. 80.18% 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. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.
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