Titan Machinery Inc. (NASDAQ:TITN) Receives Average Rating of "Moderate Buy" from Analysts

Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.20.

TITN has been the topic of several recent research reports. Robert W. Baird upgraded Titan Machinery from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $14.00 to $25.00 in a research report on Monday, January 27th. Baird R W raised Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th.

Hedge Funds Weigh In On Titan Machinery

Several hedge funds have recently made changes to their positions in the company. Voss Capital LP grew its position in Titan Machinery by 141.7% during the 4th quarter. Voss Capital LP now owns 684,459 shares of the company's stock worth $9,671,000 after purchasing an additional 401,302 shares during the period. First Eagle Investment Management LLC lifted its stake in Titan Machinery by 42.4% in the 4th quarter. First Eagle Investment Management LLC now owns 634,509 shares of the company's stock valued at $8,966,000 after buying an additional 188,998 shares in the last quarter. English Capital Management LLC lifted its stake in Titan Machinery by 84.9% in the 3rd quarter. English Capital Management LLC now owns 278,853 shares of the company's stock valued at $3,884,000 after buying an additional 128,073 shares in the last quarter. CenterBook Partners LP purchased a new position in Titan Machinery in the 4th quarter worth approximately $1,438,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Titan Machinery by 16.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company's stock worth $8,133,000 after purchasing an additional 84,330 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Titan Machinery Stock Performance

TITN stock traded down $1.17 during midday trading on Friday, hitting $18.14. The company's stock had a trading volume of 207,279 shares, compared to its average volume of 318,673. Titan Machinery has a 1 year low of $12.30 and a 1 year high of $27.13. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The stock's 50-day moving average price is $15.99 and its 200 day moving average price is $14.95. The stock has a market cap of $419.58 million, a price-to-earnings ratio of 13.54 and a beta of 1.31.

Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. The business had revenue of $679.80 million for the quarter, compared to analyst estimates of $675.30 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 EPS.

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.