Titan Machinery (NASDAQ:TITN) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Titan Machinery (NASDAQ:TITN) from a hold rating to a sell rating in a report issued on Sunday,Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Titan Machinery in a research note on Monday, June 29th. Robert W. Baird set a $29.00 target price on Titan Machinery and gave the stock an “outperform” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $29.00.

Titan Machinery Stock Down 6.9%

NASDAQ:TITN opened at $24.41 on Friday. The firm has a market capitalization of $574.37 million, a P/E ratio of -9.80 and a beta of 1.43. Titan Machinery has a 1-year low of $13.21 and a 1-year high of $26.90. The company’s fifty day moving average price is $19.35 and its 200-day moving average price is $19.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 0.21.

Titan Machinery (NASDAQ:TITN) last issued its earnings results on Thursday, August 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.04). Titan Machinery had a negative return on equity of 9.17% and a negative net margin of 2.46%.The business had revenue of $496.38 million for the quarter, compared to analysts’ expectations of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. As a group, equities research analysts anticipate that Titan Machinery will post -1.67 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP increased its stake in Titan Machinery by 189.8% during the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock worth $26,000 after buying an additional 1,006 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Titan Machinery in the second quarter worth approximately $45,000. Tower Research Capital LLC TRC boosted its stake in shares of Titan Machinery by 352.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock worth $52,000 after acquiring an additional 2,043 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Titan Machinery by 94.3% during the third quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock worth $67,000 after purchasing an additional 1,957 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Titan Machinery by 441.4% during the second quarter. California State Teachers Retirement System now owns 6,188 shares of the company’s stock worth $131,000 after purchasing an additional 5,045 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

About Titan Machinery

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.