Titan Machinery Inc. (NASDAQ:TITN) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Titan Machinery Inc. has received a consensus rating of "Buy" from six brokerages, with an average twelve-month price target of $22.25.
• The company reported a quarterly earnings per share of ($0.26), surpassing analysts' estimates and achieving revenue of $546.43 million.
• Institutional investors own 78.38% of Titan Machinery's stock, with significant increases in stakes from several major investors in recent quarters.

Shares of Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) have received a consensus rating of "Buy" from the six analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.25.

Several research firms have issued reports on TITN. B. Riley upped their price target on shares of Titan Machinery from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. Lake Street Capital restated a "hold" rating and set a $18.00 price target (up from $15.00) on shares of Titan Machinery in a research report on Friday, May 23rd. Finally, Wall Street Zen lowered shares of Titan Machinery from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th.

Hedge Funds Weigh In On Titan Machinery

Several hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Titan Machinery by 109.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,817,108 shares of the company's stock valued at $30,964,000 after acquiring an additional 948,707 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Titan Machinery by 26.6% during the second quarter. American Century Companies Inc. now owns 1,571,648 shares of the company's stock valued at $31,134,000 after acquiring an additional 330,436 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Titan Machinery by 5.6% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 702,390 shares of the company's stock valued at $11,969,000 after acquiring an additional 37,140 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Titan Machinery by 7.9% during the first quarter. Deutsche Bank AG now owns 644,747 shares of the company's stock valued at $10,986,000 after acquiring an additional 47,033 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in Titan Machinery in the first quarter worth about $10,716,000. 78.38% of the stock is owned by institutional investors.

Titan Machinery Price Performance

Shares of Titan Machinery stock traded down $0.67 during trading on Tuesday, hitting $19.28. The stock had a trading volume of 164,090 shares, compared to its average volume of 242,960. The firm has a market cap of $450.63 million, a price-to-earnings ratio of -7.14 and a beta of 1.30. Titan Machinery has a 12 month low of $12.50 and a 12 month high of $23.41. The business's 50-day moving average is $19.94 and its 200 day moving average is $18.50. The company has a current ratio of 1.31, a quick ratio of 0.18 and a debt-to-equity ratio of 0.32.

Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.30. Titan Machinery had a negative net margin of 2.37% and a negative return on equity of 9.99%. The company had revenue of $546.43 million during the quarter, compared to analyst estimates of $503.80 million. Titan Machinery has set its FY 2026 guidance at -2.000--1.500 EPS.

Titan Machinery Company Profile

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.