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.

Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, August 30th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.16. The company had revenue of $299.89 million during the quarter, compared to analyst estimates of $291.08 million. Titan Machinery had a return on equity of 2.16% and a net margin of 0.63%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share. equities research analysts anticipate that Titan Machinery will post 0.63 EPS for the current year.

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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