Analysts Set Titan Machinery Inc. (NASDAQ:TITN) Price Target at $21.00

Shares of Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) have received an average rating of "Buy" from the seven research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $21.00.

A number of equities analysts have recently issued reports on the company. Northland Securities raised Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 price target on the stock in a research report on Friday, April 11th. Northland Capmk upgraded Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. B. Riley raised their price objective on 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 issued a $18.00 price target (up from $15.00) on shares of Titan Machinery in a report on Friday, May 23rd. Finally, Wall Street Zen raised shares of Titan Machinery from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st.

Titan Machinery Price Performance

Shares of Titan Machinery stock traded down $0.47 during trading hours on Monday, reaching $19.81. The company's stock had a trading volume of 122,025 shares, compared to its average volume of 158,323. Titan Machinery has a one year low of $12.30 and a one year high of $23.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.18. The firm has a 50 day moving average price of $19.84 and a 200-day moving average price of $17.81. The stock has a market cap of $457.21 million, a P/E ratio of -7.53 and a beta of 1.35.

Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported ($0.58) earnings per share (EPS) 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 business had revenue of $594.34 million during the quarter, compared to analyst estimates of $445.76 million.

Institutional Investors Weigh In On Titan Machinery

A number of large investors have recently made changes to their positions in TITN. Russell Investments Group Ltd. raised its stake in Titan Machinery by 51.2% in the 4th quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company's stock worth $37,000 after acquiring an additional 882 shares during the last quarter. New York State Common Retirement Fund boosted its position in Titan Machinery by 42.8% in the first quarter. New York State Common Retirement Fund now owns 4,674 shares of the company's stock valued at $80,000 after buying an additional 1,400 shares during the last quarter. State of Wyoming purchased a new position in Titan Machinery during the 1st quarter worth approximately $109,000. PNC Financial Services Group Inc. lifted its stake in Titan Machinery by 91.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company's stock valued at $122,000 after acquiring an additional 4,103 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Titan Machinery by 6,432.3% in the 1st quarter. GAMMA Investing LLC now owns 12,150 shares of the company's stock valued at $207,000 after acquiring an additional 11,964 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

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.