Recent Investment Analysts’ Ratings Changes for Titan Machinery (TITN)

A number of research firms have changed their ratings and price targets for Titan Machinery (NASDAQ: TITN):

• 9/3/2024 – Titan Machinery had its price target lowered by analysts at B. Riley from $20.00 to $15.00. They now have a “neutral” rating on the stock.
• 8/30/2024 – Titan Machinery had its “market perform” rating reaffirmed by analysts at Northland Securities. They now have a $25.00 price target on the stock, up previously from $15.00.
• 8/20/2024 – Titan Machinery was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating. They now have a $15.00 price target on the stock, down previously from $33.00.
• 8/20/2024 – Titan Machinery was downgraded by analysts at Northland Capmk from a “strong-buy” rating to a “hold” rating.
• 8/15/2024 – Titan Machinery had its price target lowered by analysts at Robert W. Baird from $18.00 to $13.00. They now have a “neutral” rating on the stock.
• 8/15/2024 – Titan Machinery was downgraded by analysts at Lake Street Capital from a “buy” rating to a “hold” rating. They now have a $15.00 price target on the stock.
• 8/15/2024 – Titan Machinery had its price target lowered by analysts at Craig Hallum from $25.00 to $16.00. They now have a “buy” rating on the stock.

Titan Machinery Price Performance

Titan Machinery stock traded down $0.06 during mid-day trading on Wednesday, reaching $13.85. 115,339 shares of the company were exchanged, compared to its average volume of 230,409. Titan Machinery Inc. has a 12 month low of $12.30 and a 12 month high of $29.55. The company has a fifty day simple moving average of $15.60 and a 200-day simple moving average of $20.01. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.29 and a quick ratio of 0.15. The firm has a market cap of $316.06 million, a PE ratio of 3.33 and a beta of 1.26.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). Titan Machinery had a return on equity of 10.42% and a net margin of 2.11%. The company had revenue of $633.70 million for the quarter, compared to the consensus estimate of $645.28 million. During the same period in the prior year, the firm posted $1.38 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities research analysts expect that Titan Machinery Inc. will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in Titan Machinery by 11.3% in the 2nd quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock worth $18,373,000 after buying an additional 117,577 shares during the period. Dana Investment Advisors Inc. raised its stake in Titan Machinery by 32.9% during the second quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock valued at $6,114,000 after buying an additional 95,221 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Titan Machinery by 39.2% in the second quarter. First Eagle Investment Management LLC now owns 334,511 shares of the company’s stock worth $5,319,000 after purchasing an additional 94,250 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Titan Machinery by 28.8% during the 2nd quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock valued at $5,772,000 after buying an additional 81,248 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of Titan Machinery by 552.2% in the 2nd quarter. Squarepoint Ops LLC now owns 87,648 shares of the company’s stock worth $1,394,000 after buying an additional 74,209 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

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.