Analysts Set Titan Machinery Inc. (NASDAQ:TITN) Price Target at $21.00

Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) has earned an average rating of "Hold" from the seven brokerages that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of analysts have weighed in on the stock. Craig Hallum decreased their target price on shares of Titan Machinery from $25.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Lake Street Capital lowered Titan Machinery from a "buy" rating to a "hold" rating and set a $15.00 target price for the company. in a research report on Thursday, August 15th. Robert W. Baird reduced their price objective on Titan Machinery from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, August 15th. Northland Capmk cut shares of Titan Machinery from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 20th. Finally, B. Riley lowered their target price on shares of Titan Machinery from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, September 3rd.

Titan Machinery Price Performance

Shares of NASDAQ TITN traded up $0.50 during mid-day trading on Monday, reaching $15.33. The company had a trading volume of 261,563 shares, compared to its average volume of 228,379. Titan Machinery has a one year low of $12.30 and a one year high of $29.30. The business's 50-day simple moving average is $14.02 and its 200 day simple moving average is $16.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 1.27. The firm has a market cap of $354.58 million, a price-to-earnings ratio of 5.73 and a beta of 1.25.

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

Institutional Investors Weigh In On Titan Machinery

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Titan Machinery in the second quarter valued at approximately $36,000. Canada Pension Plan Investment Board bought a new position in Titan Machinery in the 2nd quarter valued at $37,000. nVerses Capital LLC increased its position in shares of Titan Machinery by 118.2% during the 2nd 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 last quarter. US Bancorp DE raised its stake in shares of Titan Machinery by 116.2% during the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company's stock worth $43,000 after purchasing an additional 1,677 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Titan Machinery in the 3rd quarter worth about $105,000. Hedge funds and other institutional investors 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.