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

Shares of Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) have been given an average recommendation of "Hold" by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $21.00.

TITN has been the topic of several recent research reports. Robert W. Baird decreased their price objective on Titan Machinery from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, August 15th. Northland Securities reissued a "market perform" rating and issued a $25.00 price objective on shares of Titan Machinery in a research note on Friday, September 13th. Northland Capmk downgraded shares of Titan Machinery from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 20th. Lake Street Capital cut Titan Machinery from a "buy" rating to a "hold" rating and set a $15.00 price objective on the stock. in a research note on Thursday, August 15th. Finally, B. Riley decreased their price objective on Titan Machinery from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TITN. Innealta Capital LLC purchased a new stake in shares of Titan Machinery during the second quarter valued at about $36,000. Canada Pension Plan Investment Board purchased a new stake in shares of Titan Machinery during the 2nd quarter valued at $37,000. nVerses Capital LLC boosted its position in shares of Titan Machinery by 118.2% in the 2nd quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock worth $38,000 after purchasing an additional 1,300 shares in the last quarter. Truvestments Capital LLC purchased a new position in Titan Machinery during the 3rd quarter worth $41,000. Finally, US Bancorp DE increased its position in Titan Machinery by 116.2% during the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company's stock valued at $43,000 after buying an additional 1,677 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Titan Machinery Price Performance

Shares of Titan Machinery stock traded down $0.02 during trading hours on Friday, hitting $14.98. The company's stock had a trading volume of 124,018 shares, compared to its average volume of 228,969. The company has a market cap of $346.49 million, a PE ratio of 11.18 and a beta of 1.30. 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 business has a 50 day moving average price of $14.52 and a two-hundred day moving average price of $15.45. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $29.30.

Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The business had revenue of $679.80 million for the quarter, compared to analysts' expectations of $675.30 million. Titan Machinery had a net margin of 1.10% and a return on equity of 5.93%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 EPS. Analysts expect that Titan Machinery will post 0.05 earnings per share for the current fiscal year.

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.