Shares of Titan Machinery Inc. (NASDAQ:TITN) have been given an average rating of “Hold” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $18.50.

TITN has been the topic of a number of research analyst reports. Zacks Investment Research lowered Titan Machinery from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. ValuEngine lowered Titan Machinery from a “buy” rating to a “hold” rating in a report on Monday, February 25th. BidaskClub raised Titan Machinery from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. TheStreet raised Titan Machinery from a “c+” rating to a “b” rating in a report on Wednesday, February 13th. Finally, Robert W. Baird lowered Titan Machinery from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $26.00 to $18.00 in a report on Monday, May 13th.

Shares of TITN traded down $0.23 during trading hours on Friday, reaching $16.04. 961 shares of the company’s stock traded hands, compared to its average volume of 173,280. The firm has a market capitalization of $360.27 million, a price-to-earnings ratio of 23.99 and a beta of 2.05. Titan Machinery has a twelve month low of $11.99 and a twelve month high of $20.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.31 and a current ratio of 1.39.

Titan Machinery (NASDAQ:TITN) last released its earnings results on Thursday, May 30th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. The firm had revenue of $278.29 million for the quarter, compared to analyst estimates of $250.38 million. Titan Machinery had a return on equity of 5.06% and a net margin of 1.03%. Titan Machinery’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. Analysts forecast that Titan Machinery will post 0.88 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY raised its stake in Titan Machinery by 425.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,453 shares of the company’s stock valued at $85,000 after buying an additional 5,225 shares during the period. Global Alpha Capital Management Ltd. boosted its holdings in shares of Titan Machinery by 17.8% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 827,279 shares of the company’s stock valued at $10,879,000 after acquiring an additional 124,800 shares in the last quarter. Walthausen & Co. LLC boosted its holdings in shares of Titan Machinery by 5.7% during the 4th quarter. Walthausen & Co. LLC now owns 75,040 shares of the company’s stock valued at $987,000 after acquiring an additional 4,060 shares in the last quarter. Algert Global LLC acquired a new position in Titan Machinery during the 4th quarter worth about $195,000. Finally, Quantamental Technologies LLC acquired a new position in Titan Machinery during the 4th quarter worth about $48,000. 79.06% of the stock is currently owned by institutional investors and hedge funds.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. 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.

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