Titan Machinery (NASDAQ:TITN) Receives Market Perform Rating from Northland Securities

Northland Securities reaffirmed their market perform rating on shares of Titan Machinery (NASDAQ:TITN) in a report published on Friday, Benzinga reports. The firm currently has a $25.00 price target on the stock.

A number of other equities analysts have also weighed in on the stock. Robert W. Baird decreased their price objective on shares of Titan Machinery from $18.00 to $13.00 and set a neutral rating for the company in a report on Thursday, August 15th. B. Riley reduced their target price on Titan Machinery from $20.00 to $15.00 and set a neutral rating for the company in a report on Tuesday, September 3rd. Craig Hallum lowered their price target on Titan Machinery from $25.00 to $16.00 and set a buy rating on the stock in a report on Thursday, August 15th. Northland Capmk downgraded Titan Machinery from a strong-buy rating to a hold rating in a report on Tuesday, August 20th. Finally, Lake Street Capital lowered Titan Machinery from a buy rating to a hold rating and set a $15.00 target price for the company. in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Titan Machinery currently has a consensus rating of Hold and an average price target of $21.00.

Titan Machinery Stock Up 0.5 %

Shares of NASDAQ:TITN opened at $13.31 on Friday. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $29.30. The stock has a market capitalization of $307.86 million, a price-to-earnings ratio of 3.20 and a beta of 1.26. The stock has a fifty day simple moving average of $15.25 and a two-hundred day simple moving average of $19.39. The company has a current ratio of 1.27, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.09). Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The company had revenue of $633.70 million during the quarter, compared to analysts’ expectations of $645.28 million. During the same period in the prior year, the firm earned $1.38 EPS. Titan Machinery’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, research analysts anticipate that Titan Machinery will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Titan Machinery during the 2nd quarter worth $36,000. Canada Pension Plan Investment Board bought a new stake in Titan Machinery during the second quarter valued at about $37,000. nVerses Capital LLC increased its position in Titan Machinery by 118.2% in the second quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $38,000 after buying an additional 1,300 shares in the last quarter. Quest Partners LLC bought a new position in shares of Titan Machinery in the fourth quarter worth about $165,000. Finally, Waterfront Wealth Inc. purchased a new position in shares of Titan Machinery during the 2nd quarter valued at about $177,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

About Titan Machinery

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.