Titan Machinery (NASDAQ:TITN) Upgraded at Wall Street Zen

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

A number of other research analysts have also issued reports on TITN. Weiss Ratings restated a “sell (d-)” rating on shares of Titan Machinery in a research report on Friday, September 25th. Robert W. Baird upgraded shares of Titan Machinery from a “neutral” rating to an “outperform” rating and set a $29.00 price target for the company in a research report on Monday, August 31st. One investment 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, Titan Machinery currently has an average rating of “Hold” and a consensus target price of $29.00.

Titan Machinery Trading Down 1.2%

Shares of Titan Machinery stock opened at $23.25 on Friday. The firm has a 50-day moving average of $23.10 and a 200-day moving average of $20.04. The stock has a market cap of $547.07 million, a PE ratio of -9.34 and a beta of 1.39. Titan Machinery has a 52-week low of $13.21 and a 52-week high of $26.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.21 and a current ratio of 1.35.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. As a group, sell-side analysts forecast that Titan Machinery will post -1.67 EPS for the current year.

Hedge Funds Weigh In On Titan Machinery

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Titan Machinery in the second quarter valued at approximately $35,477,000. Nantahala Capital Management LLC acquired a new stake in Titan Machinery during the 2nd quarter worth approximately $23,930,819. Jupiter Topco LLC acquired a new stake in Titan Machinery during the 2nd quarter worth approximately $23,822,000. Deutsche Bank AG bought a new stake in Titan Machinery during the 2nd quarter worth approximately $12,914,000. Finally, William Blair Investment Management LLC bought a new stake in Titan Machinery during the 2nd quarter worth approximately $12,297,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Titan Machinery Company Profile

Titan Machinery Inc is a regional agricultural and construction equipment dealer headquartered in West Fargo, North Dakota. The company sells and rents new and used equipment, along with replacement parts and related products, and provides repair, maintenance and other support services to commercial and agricultural customers.

Its agricultural offerings include tractors, combines, planting and seeding equipment, sprayers, hay and forage equipment, and other farm machinery. The company also distributes construction equipment used in earthmoving, roadbuilding, material handling and related applications.