Titan Machinery Inc. (NASDAQ:TITN) Given Average Rating of "Buy" by Brokerages

Key Points

• Titan Machinery Inc. has received an average recommendation of “Buy” from six research firms, with a price target of $22.25.
• The company's stock is currently trading at $19.46, down by $0.24 during midday trading, with a 12-month price range between $12.50 and $23.41.
• Recent institutional trading shows notable increases in holdings, including a 6,432.3% increase by GAMMA Investing LLC in the first quarter.

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

A number of equities analysts have commented on the company. B. Riley lifted their target price on Titan Machinery from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, May 27th. Wall Street Zen downgraded Titan Machinery from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Lake Street Capital restated a "hold" rating and issued a $18.00 target price (up from $15.00) on shares of Titan Machinery in a research note on Friday, May 23rd.

Titan Machinery Stock Up 0.7%

Titan Machinery stock traded up $0.13 during midday trading on Friday, hitting $19.90. The stock had a trading volume of 22,750 shares, compared to its average volume of 248,958. The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.33. The stock has a market cap of $459.39 million, a P/E ratio of -7.57 and a beta of 1.37. Titan Machinery has a 12 month low of $12.50 and a 12 month high of $23.41. The business has a fifty day moving average price of $19.76 and a 200 day moving average price of $18.29.

Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.79) by $0.21. Titan Machinery had a negative return on equity of 8.22% and a negative net margin of 2.23%.The firm had revenue of $594.34 million during the quarter, compared to analyst estimates of $445.76 million. Titan Machinery has set its FY 2026 guidance at -2.000--1.250 EPS.

Hedge Funds Weigh In On Titan Machinery

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC boosted its position in shares of Titan Machinery by 1.5% during the first quarter. SummerHaven Investment Management LLC now owns 51,255 shares of the company's stock worth $873,000 after buying an additional 768 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Titan Machinery by 51.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company's stock worth $37,000 after buying an additional 882 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Titan Machinery by 5.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 20,000 shares of the company's stock worth $283,000 after buying an additional 962 shares during the period. Gabelli Funds LLC boosted its position in shares of Titan Machinery by 1.1% during the first quarter. Gabelli Funds LLC now owns 94,500 shares of the company's stock worth $1,610,000 after buying an additional 1,000 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Titan Machinery by 8.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,655 shares of the company's stock worth $208,000 after buying an additional 1,197 shares during the period. 78.38% 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 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.