Titan Machinery Inc. (NASDAQ:TITN) Receives Average Rating of “Hold” from Analysts

Shares of Titan Machinery Inc. (NASDAQ:TITN) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $21.00.

Several equities analysts have commented on TITN shares. Craig Hallum decreased their target price on shares of Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Northland Securities reissued a “market perform” rating and issued a $25.00 price objective on shares of Titan Machinery in a research note on Friday, September 13th. B. Riley cut their target price on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, September 3rd. Lake Street Capital lowered Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research note on Thursday, August 15th. Finally, Robert W. Baird lowered their price target on Titan Machinery from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, August 15th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Titan Machinery by 9.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,011 shares of the company’s stock valued at $9,444,000 after buying an additional 28,719 shares during the period. BNP Paribas Financial Markets grew its holdings in Titan Machinery by 39.0% during the 4th quarter. BNP Paribas Financial Markets now owns 49,769 shares of the company’s stock worth $1,437,000 after acquiring an additional 13,964 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Titan Machinery by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,783,274 shares of the company’s stock valued at $51,501,000 after acquiring an additional 22,176 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Titan Machinery during the fourth quarter valued at $529,000. Finally, Quest Partners LLC acquired a new position in shares of Titan Machinery during the fourth quarter worth $165,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Titan Machinery Trading Down 1.9 %

Shares of NASDAQ:TITN opened at $14.11 on Friday. The business’s 50 day simple moving average is $15.07 and its 200 day simple moving average is $18.98. Titan Machinery has a 1 year low of $12.30 and a 1 year high of $29.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.27 and a quick ratio of 0.13. The company has a market capitalization of $321.96 million, a P/E ratio of 3.39 and a beta of 1.26.

Titan Machinery (NASDAQ:TITN) last released its 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 for the quarter, compared to analyst estimates of $645.28 million. During the same period last year, the company posted $1.38 earnings per share. The business’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 EPS for the current fiscal year.

Titan Machinery Company Profile

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.