Titan Machinery Inc. (NASDAQ:TITN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Titan Machinery Inc. (NASDAQ:TITN) have been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.20.

A number of equities research analysts have weighed in on TITN shares. Robert W. Baird upgraded shares of Titan Machinery from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $14.00 to $25.00 in a research report on Monday, January 27th. Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd purchased a new position in Titan Machinery in the fourth quarter worth approximately $26,000. Russell Investments Group Ltd. lifted its stake in Titan Machinery by 51.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company’s stock worth $37,000 after acquiring an additional 882 shares during the last quarter. Truvestments Capital LLC purchased a new position in Titan Machinery in the third quarter worth approximately $41,000. US Bancorp DE lifted its stake in Titan Machinery by 116.2% in the third quarter. US Bancorp DE now owns 3,120 shares of the company’s stock worth $43,000 after acquiring an additional 1,677 shares during the last quarter. Finally, FMR LLC lifted its stake in Titan Machinery by 142.5% in the third quarter. FMR LLC now owns 5,262 shares of the company’s stock worth $73,000 after acquiring an additional 3,092 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Price Performance

Titan Machinery stock opened at $17.27 on Friday. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $27.13. The stock has a market cap of $399.39 million, a P/E ratio of 12.89 and a beta of 1.31. The company has a 50-day moving average price of $16.14 and a 200 day moving average price of $14.99. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $675.30 million. During the same period last year, the business earned $1.32 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis.

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.