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

Shares of Titan Machinery Inc. (NASDAQ:TITN) have earned an average recommendation of “Buy” from the four ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $45.33.

TITN has been the topic of a number of recent research reports. TheStreet cut Titan Machinery from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Stephens restated an “overweight” rating and issued a $42.00 target price on shares of Titan Machinery in a report on Friday, January 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TITN. SG Americas Securities LLC purchased a new position in shares of Titan Machinery during the third quarter valued at $247,000. Voss Capital LLC purchased a new position in shares of Titan Machinery during the third quarter valued at $4,173,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Titan Machinery by 3.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,252 shares of the company’s stock valued at $432,000 after buying an additional 469 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of Titan Machinery during the third quarter valued at $242,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Titan Machinery by 9.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 377,303 shares of the company’s stock valued at $10,029,000 after buying an additional 32,331 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Stock Down 0.3 %

TITN opened at $22.63 on Thursday. Titan Machinery has a one year low of $21.44 and a one year high of $35.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.19 and a current ratio of 1.32. The stock’s fifty day moving average is $24.42 and its 200-day moving average is $25.71. The company has a market capitalization of $516.39 million, a PE ratio of 4.58 and a beta of 1.41.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Thursday, March 21st. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Titan Machinery had a return on equity of 18.40% and a net margin of 4.08%. The company had revenue of $852.10 million for the quarter, compared to the consensus estimate of $734.99 million. During the same quarter in the previous year, the business earned $0.81 EPS. The company’s quarterly revenue was up 46.2% compared to the same quarter last year. On average, equities analysts predict that Titan Machinery will post 3.35 EPS for the current fiscal year.

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.