Brokerages Set Titan Machinery Inc. (NASDAQ:TITN) Price Target at $21.00

Titan Machinery Inc. (NASDAQ:TITN) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of research firms have recently issued reports on TITN. B. Riley reduced their price target on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, September 3rd. Northland Securities reissued a “market perform” rating and set a $25.00 target price on shares of Titan Machinery in a research note on Friday, September 13th. Craig Hallum dropped their price target on shares of Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Lake Street Capital cut Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research report on Thursday, August 15th. Finally, Robert W. Baird lowered their target price on Titan Machinery from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th.

Titan Machinery Price Performance

Shares of NASDAQ:TITN opened at $15.25 on Friday. The company’s fifty day moving average is $14.59 and its two-hundred day moving average is $15.22. The company has a market cap of $352.73 million, a P/E ratio of 11.38 and a beta of 1.30. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $29.30. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $679.80 million for the quarter, compared to the consensus estimate of $675.30 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. Titan Machinery’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 earnings per share. Equities analysts expect that Titan Machinery will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Titan Machinery

Large investors have recently made changes to their positions in the stock. English Capital Management LLC grew 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 during the last quarter. American Century Companies Inc. grew its position in shares of Titan Machinery by 11.3% in the second quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock valued at $18,373,000 after purchasing an additional 117,577 shares during the last quarter. Dana Investment Advisors Inc. increased its stake in shares of Titan Machinery by 32.9% in the second quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after purchasing an additional 95,221 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Titan Machinery by 39.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 334,511 shares of the company’s stock worth $5,319,000 after purchasing an additional 94,250 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Titan Machinery by 16.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock valued at $8,133,000 after purchasing an additional 84,330 shares during the period. 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.