Titan Machinery Inc. (NASDAQ:TITN) Receives $16.80 Consensus Price Target from Brokerages

Shares of Titan Machinery Inc. (NASDAQ:TITN) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $19.20.

TITN has been the subject of a number of research reports. Robert W. Baird upgraded Titan Machinery from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $14.00 to $25.00 in a report on Monday, January 27th. Baird R W upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TITN. Meixler Investment Management Ltd. bought a new position in shares of Titan Machinery during the 4th quarter worth approximately $142,000. Empowered Funds LLC lifted its holdings in shares of Titan Machinery by 5.1% during the 4th quarter. Empowered Funds LLC now owns 20,000 shares of the company’s stock valued at $283,000 after purchasing an additional 962 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Titan Machinery in the 4th quarter worth $26,000. Sanctuary Advisors LLC grew its stake in Titan Machinery by 53.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,550 shares of the company’s stock worth $387,000 after buying an additional 8,942 shares during the last quarter. Finally, Barclays PLC increased its position in Titan Machinery by 287.0% during the 3rd quarter. Barclays PLC now owns 31,872 shares of the company’s stock valued at $444,000 after buying an additional 23,637 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Titan Machinery Stock Performance

TITN stock opened at $18.72 on Monday. Titan Machinery has a twelve month low of $12.30 and a twelve month high of $28.29. The firm has a market cap of $432.99 million, a price-to-earnings ratio of 13.97 and a beta of 1.30. The business’s fifty day simple moving average is $15.05 and its two-hundred day simple moving average is $14.80. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $679.80 million during the quarter, compared to analyst estimates of $675.30 million. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS. Analysts predict that Titan Machinery will post 0.05 earnings per share for the current 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.