Titan Machinery (NASDAQ:TITN) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Titan Machinery from “sell” to “hold.” MarketBeat reports a consensus rating of “Hold” and an average price target of $29.00, based on one Buy and one Sell rating.
• Titan Machinery’s shares opened at $23.12, with a 52-week range of $13.21 to $26.90 and a market capitalization of approximately $544 million.
• The company reported a quarterly loss of $0.40 per share, missing estimates by $0.04, although revenue of $496.38 million exceeded expectations. Institutional investors own 78.38% of the stock.

Titan Machinery (NASDAQ:TITN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

Several other research analysts have also commented on the stock. Robert W. Baird set a $29.00 price target on shares of Titan Machinery and gave the company an "outperform" rating in a report on Monday, August 31st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Titan Machinery in a research report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Titan Machinery presently has an average rating of "Hold" and a consensus target price of $29.00.

Titan Machinery Price Performance

Titan Machinery stock opened at $23.12 on Friday. Titan Machinery has a 1 year low of $13.21 and a 1 year high of $26.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.21 and a current ratio of 1.35. The firm has a 50 day moving average price of $22.53 and a 200 day moving average price of $20.83. The company has a market cap of $544.08 million, a price-to-earnings ratio of -9.29 and a beta of 1.41.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported ($0.40) 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 9.17%. The business 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. Sell-side analysts predict that Titan Machinery will post -1.67 earnings per share for the current year.

Institutional Investors Weigh In On Titan Machinery

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Titan Machinery in the second quarter worth $45,000. Canada Pension Plan Investment Board acquired a new stake in Titan Machinery during the second quarter valued at $289,000. State of Wyoming acquired a new stake in Titan Machinery during the second quarter valued at $359,000. Engineers Gate Manager LP boosted its position in Titan Machinery by 17.7% during the second quarter. Engineers Gate Manager LP now owns 17,960 shares of the company's stock valued at $379,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Titan Machinery in the second quarter valued at about $459,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

About Titan Machinery

Titan Machinery Inc is a regional agricultural and construction equipment dealer headquartered in West Fargo, North Dakota. The company sells and rents new and used equipment, along with replacement parts and related products, and provides repair, maintenance and other support services to commercial and agricultural customers.

Its agricultural offerings include tractors, combines, planting and seeding equipment, sprayers, hay and forage equipment, and other farm machinery. The company also distributes construction equipment used in earthmoving, roadbuilding, material handling and related applications.

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