Titan Machinery Inc. (NASDAQ:TITN) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.00.

A number of research analysts have recently issued reports on the company. Robert W. Baird dropped their target price on Titan Machinery from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday. Baird R W upgraded shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th.

Titan Machinery Stock Performance

NASDAQ TITN traded up $0.42 on Tuesday, reaching $17.05. The stock had a trading volume of 672,679 shares, compared to its average volume of 254,501. The business's 50-day moving average price is $16.63 and its 200 day moving average price is $15.09. The stock has a market cap of $394.30 million, a P/E ratio of 12.72 and a beta of 1.28. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $26.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32.

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Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($1.88) EPS for the quarter, missing analysts' consensus estimates of ($0.87) by ($1.01). Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The business had revenue of $759.90 million during the quarter, compared to analyst estimates of $728.55 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The company's revenue for the quarter was down 10.8% compared to the same quarter last year.

Institutional Trading of Titan Machinery

Several large investors have recently bought and sold shares of TITN. Systematic Financial Management LP purchased a new position in Titan Machinery during the 3rd quarter valued at about $483,000. ArrowMark Colorado Holdings LLC grew its holdings 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 buying an additional 75,710 shares during the last quarter. Sanctuary Advisors LLC increased its position in Titan Machinery by 53.8% during the third quarter. Sanctuary Advisors LLC now owns 25,550 shares of the company's stock worth $387,000 after buying an additional 8,942 shares in the last quarter. Barclays PLC raised its holdings in shares of Titan Machinery by 287.0% in the third quarter. Barclays PLC now owns 31,872 shares of the company's stock worth $444,000 after acquiring an additional 23,637 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Titan Machinery by 142.5% in the third quarter. FMR LLC now owns 5,262 shares of the company's stock valued at $73,000 after acquiring an additional 3,092 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Titan Machinery Company Profile

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.