Titan Machinery Inc. (NASDAQ:TITN) saw an uptick in trading volume on Wednesday . 759,542 shares traded hands during mid-day trading, an increase of 250% from the previous session’s volume of 217,282 shares.The stock last traded at $17.94 and had previously closed at $17.80.

A number of research firms have recently issued reports on TITN. Zacks Investment Research upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Tuesday, September 4th. BidaskClub upgraded Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, September 1st. Finally, ValuEngine upgraded Titan Machinery from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $22.75.

The firm has a market cap of $395.48 million, a PE ratio of -149.67 and a beta of 1.62. The company has a quick ratio of 0.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.07.

Titan Machinery (NASDAQ:TITN) last released its earnings results on Thursday, August 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) earnings per share. sell-side analysts forecast that Titan Machinery Inc. will post 0.63 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TITN. Northern Trust Corp increased its stake in shares of Titan Machinery by 1.2% in the first quarter. Northern Trust Corp now owns 220,404 shares of the company’s stock worth $5,193,000 after acquiring an additional 2,557 shares during the last quarter. Eagle Boston Investment Management Inc. increased its stake in shares of Titan Machinery by 2.5% in the first quarter. Eagle Boston Investment Management Inc. now owns 166,316 shares of the company’s stock worth $3,918,000 after acquiring an additional 4,092 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of Titan Machinery by 2.5% in the first quarter. Federated Investors Inc. PA now owns 171,192 shares of the company’s stock worth $4,033,000 after acquiring an additional 4,169 shares during the last quarter. Sei Investments Co. increased its stake in shares of Titan Machinery by 10.6% in the second quarter. Sei Investments Co. now owns 49,103 shares of the company’s stock worth $764,000 after acquiring an additional 4,725 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Titan Machinery by 794.6% in the first quarter. Citigroup Inc. now owns 5,672 shares of the company’s stock worth $133,000 after acquiring an additional 5,038 shares during the last quarter. Institutional investors own 82.55% of the company’s stock.

About Titan Machinery (NASDAQ:TITN)

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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