Titan Machinery Inc. (NASDAQ:TITN) Given Consensus Rating of “Hold” by Analysts

Shares of Titan Machinery Inc. (NASDAQ:TITN) have received an average rating of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $16.80.

Separately, Robert W. Baird raised Titan Machinery from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $14.00 to $25.00 in a research note on Monday.

Titan Machinery Stock Performance

TITN stock opened at $15.75 on Monday. The firm has a 50 day simple moving average of $14.66 and a 200 day simple moving average of $14.71. Titan Machinery has a 52 week low of $12.30 and a 52 week high of $28.29. The stock has a market cap of $364.30 million, a P/E ratio of 11.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The business had revenue of $679.80 million for the quarter, compared to analysts’ expectations of $675.30 million. During the same period in the previous year, the company posted $1.32 EPS. Titan Machinery’s revenue was down 2.1% on a year-over-year basis. Research analysts anticipate that Titan Machinery will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Titan Machinery

Large investors have recently added to or reduced their stakes in the stock. English Capital Management LLC increased its stake in shares of Titan Machinery by 84.9% in the third quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock worth $3,884,000 after purchasing an additional 128,073 shares during the period. Dana Investment Advisors Inc. grew its stake in shares of Titan Machinery by 32.9% in the second quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after acquiring an additional 95,221 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Titan Machinery by 16.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock worth $8,133,000 after acquiring an additional 84,330 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in Titan Machinery by 28.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock valued at $4,762,000 after purchasing an additional 75,710 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Titan Machinery by 552.2% in the 2nd quarter. Squarepoint Ops LLC now owns 87,648 shares of the company’s stock valued at $1,394,000 after purchasing an additional 74,209 shares during the period. Institutional investors own 78.38% of the company’s stock.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.