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

Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) has received an average recommendation 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 issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $21.00.

TITN has been the topic of a number of research reports. Robert W. Baird cut their price objective on Titan Machinery from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Northland Securities upgraded shares of Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 price target on the stock in a report on Friday, April 11th. Wall Street Zen raised shares of Titan Machinery from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. 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. Finally, Northland Capmk raised shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th.

Titan Machinery Trading Down 1.9%

Shares of Titan Machinery stock opened at $18.91 on Thursday. The business's fifty day moving average is $18.86 and its two-hundred day moving average is $16.95. Titan Machinery has a fifty-two week low of $12.30 and a fifty-two week high of $23.41. The firm has a market cap of $436.44 million, a PE ratio of -7.19 and a beta of 1.35. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.33.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported ($0.58) earnings per share for the quarter, topping the consensus estimate of ($0.79) by $0.21. The firm had revenue of $594.34 million for the quarter, compared to the consensus estimate of $445.76 million. Titan Machinery had a negative return on equity of 8.22% and a negative net margin of 2.23%.

Institutional Investors Weigh In On Titan Machinery

A number of institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in shares of Titan Machinery by 51.2% during the 4th quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company's stock valued at $37,000 after buying an additional 882 shares during the last quarter. US Bancorp DE grew its stake in Titan Machinery by 23.8% during the 4th quarter. US Bancorp DE now owns 3,861 shares of the company's stock worth $55,000 after buying an additional 741 shares during the last quarter. New York State Common Retirement Fund grew its stake in Titan Machinery by 42.8% during the 1st quarter. New York State Common Retirement Fund now owns 4,674 shares of the company's stock worth $80,000 after buying an additional 1,400 shares during the last quarter. State of Wyoming bought a new position in Titan Machinery during the 1st quarter worth $109,000. Finally, PNC Financial Services Group Inc. grew 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 worth $122,000 after buying an additional 4,103 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

About Titan Machinery

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.

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