Titan Machinery Inc. (NASDAQ:TITN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Titan Machinery Inc. (NASDAQ:TITN) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $19.20.

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

Titan Machinery Trading Down 0.6 %

NASDAQ TITN opened at $18.72 on Monday. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $28.29. The company has a fifty day simple moving average of $15.05 and a two-hundred day simple moving average of $14.80. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. The stock has a market cap of $432.99 million, a P/E ratio of 13.97 and a beta of 1.30.

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

Institutional Investors Weigh In On Titan Machinery

Several hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in shares of Titan Machinery by 5.1% in 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 period. US Bancorp DE boosted its stake in shares of Titan Machinery by 116.2% during the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company’s stock worth $43,000 after acquiring an additional 1,677 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Titan Machinery during the 4th quarter valued at about $26,000. Canada Pension Plan Investment Board purchased a new position in shares of Titan Machinery in the 2nd quarter valued at about $37,000. Finally, Janus Henderson Group PLC raised its holdings in Titan Machinery by 6.8% in the 3rd quarter. Janus Henderson Group PLC now owns 39,262 shares of the company’s stock worth $547,000 after purchasing an additional 2,496 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

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.