Titan Machinery (NASDAQ:TITN) Stock Rating Upgraded by Robert W. Baird

Key Points

• Robert W. Baird upgraded Titan Machinery from “hold” to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $29.00.
• Titan Machinery shares opened at $20.57, up 15.2%, with a market capitalization of approximately $479 million and a 12-month trading range of $13.21 to $25.00.
• The company reported a quarterly loss of $0.40 per share, missing estimates by $0.04, although revenue of $496.38 million exceeded expectations. Titan posted negative net margin and return on equity, while institutional investors own 78.38% of its shares.

Titan Machinery (NASDAQ:TITN - Get Free Report) was upgraded by analysts at Robert W. Baird from a "hold" rating to a "strong-buy" rating in a report released on Monday, Zacks reports.

TITN has been the subject of a number of other reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Titan Machinery in a report on Monday, June 29th. Wall Street Zen cut shares of Titan Machinery from a "hold" rating to a "sell" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $29.00.

Titan Machinery Stock Up 15.2%

Shares of NASDAQ TITN opened at $20.57 on Monday. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 0.34. The stock has a market cap of $479.28 million, a P/E ratio of -8.26 and a beta of 1.41. The business's fifty day simple moving average is $18.99 and its 200-day simple moving average is $19.27. Titan Machinery has a 12-month low of $13.21 and a 12-month high of $25.00.

Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.04). Titan Machinery had a negative net margin of 2.46% and a negative return on equity of 9.06%. The company had revenue of $496.38 million during the quarter, compared to analysts' expectations of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750--1.250 EPS. As a group, equities analysts predict that Titan Machinery will post -1.63 EPS for the current fiscal year.

Institutional Trading of Titan Machinery

Several institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming grew its position in Titan Machinery by 3.0% during the 1st quarter. State of Wyoming now owns 24,568 shares of the company's stock worth $411,000 after purchasing an additional 715 shares during the last quarter. Graham Capital Management L.P. boosted its stake in shares of Titan Machinery by 8.1% during the fourth quarter. Graham Capital Management L.P. now owns 11,640 shares of the company's stock worth $175,000 after buying an additional 869 shares during the period. Gabelli Funds LLC grew its holdings in shares of Titan Machinery by 1.1% during the second quarter. Gabelli Funds LLC now owns 95,500 shares of the company's stock worth $1,892,000 after buying an additional 1,000 shares during the last quarter. Quarry LP increased its position in Titan Machinery by 189.8% in the 3rd quarter. Quarry LP now owns 1,536 shares of the company's stock valued at $26,000 after acquiring an additional 1,006 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Titan Machinery by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,364 shares of the company's stock valued at $337,000 after acquiring an additional 1,705 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.

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