Titan Machinery (TITN) Downgraded by BidaskClub to “Sell”
Titan Machinery (NASDAQ:TITN) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Other equities analysts have also issued reports about the company. ValuEngine raised Titan Machinery from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. Zacks Investment Research raised Titan Machinery from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $22.75.
NASDAQ:TITN opened at $15.76 on Friday. The company has a market cap of $360.16 million, a PE ratio of -131.33 and a beta of 1.62. Titan Machinery has a 52 week low of $13.66 and a 52 week high of $25.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.43 and a quick ratio of 0.29.
Hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio boosted its position in shares of Titan Machinery by 29.3% during the second quarter. Strs Ohio now owns 45,000 shares of the company’s stock worth $699,000 after buying an additional 10,200 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of Titan Machinery during the second quarter worth approximately $311,000. Sun Life Financial INC acquired a new position in shares of Titan Machinery during the second quarter worth approximately $187,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Titan Machinery by 342.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,981 shares of the company’s stock worth $824,000 after buying an additional 41,020 shares during the period. Finally, United Services Automobile Association boosted its position in shares of Titan Machinery by 101.0% during the second quarter. United Services Automobile Association now owns 428,222 shares of the company’s stock worth $8,933,000 after buying an additional 215,128 shares during the period. Institutional investors and hedge funds own 82.07% of the company’s stock.
Titan Machinery Company Profile
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.
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