Titan Machinery Inc. (NASDAQ:TITN) Receives Average Rating of "Buy" from Analysts

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.

Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) has been given a consensus rating of "Buy" by the six analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.25.

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

Institutional Investors Weigh In On Titan Machinery

A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in Titan Machinery by 352.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company's stock worth $52,000 after acquiring an additional 2,043 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Titan Machinery by 42.8% during the first quarter. New York State Common Retirement Fund now owns 4,674 shares of the company's stock worth $80,000 after acquiring an additional 1,400 shares in the last quarter. State of Wyoming bought a new position in Titan Machinery during the first quarter worth $109,000. GAMMA Investing LLC raised its holdings in Titan Machinery by 6,432.3% during the first quarter. GAMMA Investing LLC now owns 12,150 shares of the company's stock worth $207,000 after buying an additional 11,964 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in Titan Machinery during the second quarter worth $246,000. 78.38% of the stock is owned by institutional investors.

Titan Machinery Price Performance

Shares of NASDAQ:TITN traded down $0.67 during midday trading on Tuesday, hitting $19.28. The stock had a trading volume of 164,090 shares, compared to its average volume of 164,398. The company's 50-day moving average price is $19.89 and its 200-day moving average price is $18.53. The company has a market capitalization of $450.57 million, a P/E ratio of -7.14 and a beta of 1.30. The company has a quick ratio of 0.18, a current ratio of 1.31 and a debt-to-equity ratio of 0.32. Titan Machinery has a fifty-two week low of $12.50 and a fifty-two week high of $23.41.

Titan Machinery (NASDAQ:TITN - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.30. The company had revenue of $546.43 million during the quarter, compared to analysts' expectations of $503.80 million. Titan Machinery had a negative net margin of 2.37% and a negative return on equity of 9.99%. 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.