Titan Machinery (NASDAQ:TITN) Downgraded by Wall Street Zen to "Sell"

Key Points

• Titan Machinery was downgraded by Wall Street Zen from a "hold" to a "sell".
• Analyst sentiment is mixed—Weiss Ratings reissued a "sell", Robert W. Baird cut its price target to $17 and set a "neutral", and MarketBeat data shows one Buy, three Hold, one Sell with an average rating of "Hold" and an average price target of $20.50.
• In the latest quarter Titan reported a ($1.43) EPS miss (vs. ($0.99) est.) but revenue beat at $641.8M (vs. $615.5M), and the company shows negative ROE and net margin while trading around $17.24 with a market cap near $403M.

Titan Machinery (NASDAQ:TITN - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Several other equities analysts have also weighed in on the company. Weiss Ratings reissued a "sell (d)" rating on shares of Titan Machinery in a report on Thursday, January 22nd. Robert W. Baird dropped their price target on Titan Machinery from $21.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.50.

Titan Machinery Price Performance

TITN opened at $17.24 on Friday. Titan Machinery has a fifty-two week low of $13.21 and a fifty-two week high of $23.41. The firm has a 50-day moving average of $17.74 and a 200 day moving average of $16.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.41. The firm has a market cap of $402.55 million, a P/E ratio of -7.24 and a beta of 1.26.

Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($1.43) EPS for the quarter, missing the consensus estimate of ($0.99) by ($0.44). Titan Machinery had a negative return on equity of 8.40% and a negative net margin of 2.23%.The company had revenue of $641.83 million during the quarter, compared to the consensus estimate of $615.53 million.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in shares of Titan Machinery by 10.8% in the fourth quarter. Empowered Funds LLC now owns 138,984 shares of the company's stock worth $2,090,000 after purchasing an additional 13,580 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Titan Machinery during the fourth quarter valued at $413,000. Invenomic Capital Management LP bought a new stake in Titan Machinery during the fourth quarter valued at $2,208,000. Janus Henderson Group PLC purchased a new position in Titan Machinery during the fourth quarter worth about $4,549,000. Finally, EVR Research LP grew its position in Titan Machinery by 86.0% during the fourth quarter. EVR Research LP now owns 465,000 shares of the company's stock worth $6,994,000 after buying an additional 215,000 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

About Titan Machinery

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.

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