Titan Machinery (NASDAQ:TITN) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Titan Machinery (NASDAQ:TITN) from a hold rating to a sell rating in a research note published on Friday.

Several other equities analysts have also commented on TITN. TheStreet lowered Titan Machinery from a b- rating to a c+ rating in a report on Monday, February 26th. Robert W. Baird decreased their price target on shares of Titan Machinery from $24.00 to $18.00 and set a neutral rating on the stock in a report on Friday. Finally, Craig Hallum dropped their price target on shares of Titan Machinery from $30.00 to $25.00 and set a buy rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $35.80.

Titan Machinery Trading Down 5.5 %

Shares of TITN traded down $1.09 during midday trading on Friday, hitting $18.66. The stock had a trading volume of 576,583 shares, compared to its average volume of 272,121. The firm has a market cap of $425.71 million, a P/E ratio of 4.48 and a beta of 1.41. The business has a 50-day simple moving average of $23.40 and a two-hundred day simple moving average of $25.42. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 0.16. Titan Machinery has a fifty-two week low of $18.49 and a fifty-two week high of $35.88.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.26). Titan Machinery had a net margin of 3.37% and a return on equity of 15.15%. The company had revenue of $628.70 million during the quarter, compared to analyst estimates of $664.18 million. As a group, equities analysts forecast that Titan Machinery will post 2.5 EPS for the current year.

Institutional Investors Weigh In On Titan Machinery

Several institutional investors and hedge funds have recently modified their holdings of TITN. American Century Companies Inc. lifted its position in Titan Machinery by 241.0% during the third quarter. American Century Companies Inc. now owns 721,521 shares of the company’s stock worth $19,178,000 after acquiring an additional 509,919 shares during the last quarter. Global Alpha Capital Management Ltd. increased its stake in Titan Machinery by 9.2% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 969,218 shares of the company’s stock valued at $25,762,000 after purchasing an additional 82,000 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Titan Machinery in the fourth quarter worth $1,620,000. Smith Graham & Co. Investment Advisors LP lifted its stake in Titan Machinery by 20.3% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 286,708 shares of the company’s stock worth $8,280,000 after acquiring an additional 48,438 shares during the period. Finally, Cetera Advisors LLC acquired a new position in Titan Machinery in the 1st quarter worth approximately $1,095,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

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.