Titan Machinery Inc. (NASDAQ:TITN) Receives $21.00 Consensus Price Target from Analysts

Shares of Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) have earned a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $21.00.

TITN has been the topic of several research analyst reports. Northland Capmk cut Titan Machinery from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 20th. B. Riley reduced their price target on Titan Machinery from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, September 3rd. Lake Street Capital lowered Titan Machinery from a "buy" rating to a "hold" rating and set a $15.00 price target for the company. in a report on Thursday, August 15th. Northland Securities reiterated a "market perform" rating and set a $25.00 price target on shares of Titan Machinery in a report on Friday, September 13th. Finally, Craig Hallum reduced their price target on Titan Machinery from $25.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, August 15th.

Titan Machinery Trading Up 1.2 %

TITN traded up $0.18 during trading on Thursday, reaching $14.94. The company had a trading volume of 164,366 shares, compared to its average volume of 232,824. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 1.27. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $29.30. The firm's 50-day simple moving average is $14.02 and its 200 day simple moving average is $17.54. The company has a market cap of $345.56 million, a price-to-earnings ratio of 5.70 and a beta of 1.26.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.09). Titan Machinery had a net margin of 2.11% and a return on equity of 10.38%. The business had revenue of $633.70 million for the quarter, compared to analysts' expectations of $645.28 million. During the same period last year, the firm earned $1.38 EPS. The company's revenue was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that Titan Machinery will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Innealta Capital LLC bought a new stake in shares of Titan Machinery during the second quarter valued at approximately $36,000. Canada Pension Plan Investment Board bought a new stake in shares of Titan Machinery during the second quarter valued at approximately $37,000. nVerses Capital LLC increased its position in shares of Titan Machinery by 118.2% during the second quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock valued at $38,000 after purchasing an additional 1,300 shares during the period. SG Americas Securities LLC bought a new stake in shares of Titan Machinery during the third quarter valued at approximately $105,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Titan Machinery during the first quarter valued at approximately $276,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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.