Titan Machinery (NASDAQ:TITN) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Titan Machinery crossed above its 200‑day moving average
• Analysts are broadly negative: the stock carries an average rating of "Reduce" with a consensus target of $19, and recent downgrades/target cuts from firms including Robert W. Baird, Wall Street Zen and Weiss Ratings.
• Fundamentals remain weak—Titan missed quarterly EPS ($-1.43 vs. -$0.99), reported a negative net margin and ROE, and sell‑side forecasts expect roughly -$1.73 EPS for the current fiscal year.

Titan Machinery Inc. (NASDAQ:TITN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.06 and traded as high as $21.43. Titan Machinery shares last traded at $21.28, with a volume of 146,670 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TITN. Robert W. Baird lowered their target price on shares of Titan Machinery from $21.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 20th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Titan Machinery in a report on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Titan Machinery from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $19.00.

Titan Machinery Trading Down 0.7%

The firm has a market cap of $496.89 million, a PE ratio of -8.94 and a beta of 1.26. The company's fifty day moving average price is $18.36 and its two-hundred day moving average price is $17.06. The company has a quick ratio of 0.24, a current ratio of 1.41 and a debt-to-equity ratio of 0.35.

Titan Machinery (NASDAQ:TITN - Get Free Report) last issued its earnings results on Thursday, March 19th. The company reported ($1.43) earnings per share for the quarter, missing the consensus estimate of ($0.99) by ($0.44). Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.40%. The firm had revenue of $641.83 million during the quarter, compared to analysts' expectations of $615.53 million. As a group, sell-side analysts forecast that Titan Machinery Inc. will post -1.73 earnings per share for the current fiscal year.

Institutional Trading of Titan Machinery

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Graham Capital Management L.P. raised its position in shares of Titan Machinery by 8.1% in the fourth quarter. Graham Capital Management L.P. now owns 11,640 shares of the company's stock valued at $175,000 after buying an additional 869 shares during the last quarter. Gabelli Funds LLC grew its holdings in Titan Machinery by 1.1% in the second quarter. Gabelli Funds LLC now owns 95,500 shares of the company's stock valued at $1,892,000 after purchasing an additional 1,000 shares during the period. Quarry LP grew its holdings in Titan Machinery by 189.8% in the third quarter. Quarry LP now owns 1,536 shares of the company's stock valued at $26,000 after purchasing an additional 1,006 shares during the period. PNC Financial Services Group Inc. grew its holdings in Titan Machinery by 14.6% in the third quarter. PNC Financial Services Group Inc. now owns 8,341 shares of the company's stock valued at $140,000 after purchasing an additional 1,063 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Titan Machinery by 8.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,364 shares of the company's stock valued at $337,000 after purchasing an additional 1,705 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Titan Machinery Company Profile

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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