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

Titan Machinery Inc. (NASDAQ:TITN) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.20.

TITN has been the topic of a number of recent research reports. Baird R W raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Robert W. Baird raised Titan Machinery from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $14.00 to $25.00 in a research note on Monday, January 27th.

Hedge Funds Weigh In On Titan Machinery

Several institutional investors have recently added to or reduced their stakes in TITN. R Squared Ltd acquired a new position in Titan Machinery during the fourth quarter valued at approximately $26,000. Canada Pension Plan Investment Board acquired a new position in Titan Machinery during the 2nd quarter worth $37,000. Truvestments Capital LLC bought a new position in shares of Titan Machinery during the third quarter worth about $41,000. US Bancorp DE grew its stake in Titan Machinery by 116.2% in the third quarter. US Bancorp DE now owns 3,120 shares of the company’s stock worth $43,000 after purchasing an additional 1,677 shares in the last quarter. Finally, FMR LLC increased its holdings in 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 buying an additional 3,092 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Titan Machinery Trading Down 0.6 %

Shares of TITN stock opened at $18.72 on Monday. Titan Machinery has a fifty-two week low of $12.30 and a fifty-two week high of $28.29. 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 business has a fifty day simple moving average of $15.05 and a 200-day simple moving average of $14.76. The stock has a market cap of $432.92 million, a P/E ratio of 13.97 and a beta of 1.30.

Titan Machinery (NASDAQ:TITN) last announced its earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $679.80 million during 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 5.91%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.32 earnings per share. On average, analysts forecast 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.