Titan Machinery Inc. (NASDAQ:TITN) Given Consensus Rating of “Hold” by Brokerages

Shares of Titan Machinery Inc. (NASDAQ:TITN) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $20.50.

A number of research firms recently commented on TITN. Wall Street Zen upgraded Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Robert W. Baird reduced their target price on shares of Titan Machinery from $21.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Titan Machinery in a research report on Thursday, January 22nd.

Titan Machinery Trading Up 3.8%

NASDAQ TITN opened at $17.35 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.24 and a debt-to-equity ratio of 0.32. Titan Machinery has a 1-year low of $13.21 and a 1-year high of $23.41. The firm’s fifty day simple moving average is $17.72 and its 200-day simple moving average is $16.83. The company has a market capitalization of $405.47 million, a PE ratio of -7.29 and a beta of 1.26.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, March 19th. The company reported ($1.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.99) by ($0.44). The firm had revenue of $641.83 million for the quarter, compared to analyst estimates of $615.53 million. Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.29%.

Institutional Investors Weigh In On Titan Machinery

A number of large investors have recently bought and sold shares of TITN. Graham Capital Management L.P. lifted its position in shares of Titan Machinery by 8.1% in the fourth quarter. Graham Capital Management L.P. now owns 11,640 shares of the company’s stock worth $175,000 after buying an additional 869 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Titan Machinery by 1.1% during the 2nd quarter. Gabelli Funds LLC now owns 95,500 shares of the company’s stock valued at $1,892,000 after acquiring an additional 1,000 shares during the last quarter. Quarry LP increased its holdings in shares of Titan Machinery by 189.8% during the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock valued at $26,000 after acquiring an additional 1,006 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Titan Machinery by 14.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,341 shares of the company’s stock valued at $140,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Titan Machinery by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,364 shares of the company’s stock valued at $337,000 after acquiring an additional 1,705 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Titan Machinery Company Profile

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.