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

Titan Machinery Inc. (NASDAQ:TITN) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $35.80.

A number of analysts recently commented on the company. Craig Hallum decreased their target price on Titan Machinery from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Friday. Robert W. Baird cut their price target on shares of Titan Machinery from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday. TheStreet lowered Titan Machinery from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Finally, StockNews.com lowered Titan Machinery from a “hold” rating to a “sell” rating in a report on Friday.

Institutional Investors Weigh In On Titan Machinery

Several large investors have recently added to or reduced their stakes in TITN. Dimensional Fund Advisors LP boosted its position in Titan Machinery by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,783,274 shares of the company’s stock worth $51,501,000 after purchasing an additional 22,176 shares during the period. Vanguard Group Inc. boosted its holdings in Titan Machinery by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,164,276 shares of the company’s stock worth $28,886,000 after buying an additional 9,548 shares during the period. Global Alpha Capital Management Ltd. grew its stake in Titan Machinery by 9.2% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 969,218 shares of the company’s stock valued at $25,762,000 after buying an additional 82,000 shares in the last quarter. American Century Companies Inc. raised its holdings in Titan Machinery by 241.0% during the 3rd quarter. American Century Companies Inc. now owns 721,521 shares of the company’s stock valued at $19,178,000 after acquiring an additional 509,919 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Titan Machinery by 9.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,011 shares of the company’s stock worth $9,444,000 after acquiring an additional 28,719 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Stock Performance

Shares of TITN stock opened at $18.66 on Monday. Titan Machinery has a one year low of $18.49 and a one year high of $35.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.19. The business’s 50 day simple moving average is $23.40 and its 200 day simple moving average is $25.43. The stock has a market capitalization of $425.82 million, a PE ratio of 4.48 and a beta of 1.41.

Titan Machinery (NASDAQ:TITN) last released its earnings results on Thursday, May 23rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.26). The business had revenue of $628.70 million for the quarter, compared to analyst estimates of $664.18 million. Titan Machinery had a return on equity of 15.15% and a net margin of 3.37%. As a group, research analysts forecast that Titan Machinery will post 2.5 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.