Wall Street Zen Downgrades Titan Machinery (NASDAQ:TITN) to Sell

Titan Machinery (NASDAQ:TITN) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday, Wall Street Zen reports.

A number of other equities analysts also recently commented on TITN. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Titan Machinery in a report on Monday, June 29th. Robert W. Baird set a $29.00 target price on shares of Titan Machinery and gave the company an “outperform” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.00.

Titan Machinery Price Performance

Shares of NASDAQ:TITN opened at $26.22 on Friday. The firm has a market capitalization of $616.96 million, a PE ratio of -10.53 and a beta of 1.43. The company has a current ratio of 1.35, a quick ratio of 0.21 and a debt-to-equity ratio of 0.33. Titan Machinery has a 1-year low of $13.21 and a 1-year high of $26.90. The business’s 50 day moving average is $19.28 and its 200-day moving average is $19.43.

Titan Machinery (NASDAQ:TITN) last issued its earnings results on Thursday, August 27th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $496.38 million during 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. Sell-side analysts predict that Titan Machinery will post -1.67 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TITN. Quarry LP increased its position in Titan Machinery by 189.8% in the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock valued at $26,000 after acquiring an additional 1,006 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Titan Machinery during the second quarter worth approximately $45,000. Tower Research Capital LLC TRC lifted its position in shares of Titan Machinery by 352.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock worth $52,000 after purchasing an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Titan Machinery by 94.3% during the third quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock valued at $67,000 after purchasing an additional 1,957 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Titan Machinery by 441.4% during the second quarter. California State Teachers Retirement System now owns 6,188 shares of the company’s stock valued at $131,000 after purchasing an additional 5,045 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.