Titan Machinery (NASDAQ:TITN) Rating Lowered to Sell at Wall Street Zen

Key Points

• Titan Machinery has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a shift in analysts' confidence regarding its stock performance.
• B. Riley has raised its price target for Titan Machinery from $19.00 to $22.00, while the consensus target price currently stands at $22.25.
• The company reported a loss of ($0.26) earnings per share for the latest quarter, exceeding analysts' expectations of ($0.56) by a notable margin.

Titan Machinery (NASDAQ:TITN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday.

A number of other research firms have also recently commented on TITN. B. Riley upped their price target on Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 27th. Lake Street Capital reissued a "hold" rating and issued a $18.00 target price (up previously from $15.00) on shares of Titan Machinery in a report on Friday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Titan Machinery has an average rating of "Buy" and a consensus target price of $22.25.

Titan Machinery Stock Performance

Shares of TITN stock opened at $20.64 on Friday. The stock has a market cap of $476.37 million, a PE ratio of -7.64 and a beta of 1.30. Titan Machinery has a 52-week low of $12.50 and a 52-week high of $23.41. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $19.99 and a 200-day simple moving average of $18.44.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported ($0.26) earnings per share for the quarter, topping analysts' consensus estimates of ($0.56) by $0.30. Titan Machinery had a negative return on equity of 9.91% and a negative net margin of 2.37%.The company had revenue of $546.43 million during the quarter, compared to analysts' expectations of $503.80 million. Titan Machinery has set its FY 2026 guidance at -2.000--1.500 EPS.

Institutional Investors Weigh In On Titan Machinery

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in Titan Machinery by 352.2% in the 2nd 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 during the period. New York State Common Retirement Fund grew its stake in shares of 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 valued at $80,000 after buying an additional 1,400 shares during the period. State of Wyoming purchased a new stake in shares of Titan Machinery during the 1st quarter valued at $109,000. Granahan Investment Management LLC purchased a new stake in shares of Titan Machinery during the 4th quarter valued at $195,000. Finally, GAMMA Investing LLC boosted its position in Titan Machinery by 6,432.3% during the 1st quarter. GAMMA Investing LLC now owns 12,150 shares of the company's stock worth $207,000 after purchasing an additional 11,964 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.

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