Titan Machinery (NASDAQ:TITN) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Titan Machinery shares crossed above their 200‑day moving average (200‑day MA $16.88), trading as high as $19.74 and last at $19.41 on the session.
• Analysts have turned cautious—Robert W. Baird cut its price target to $17 and several outlets (Weiss Ratings, Wall Street Zen) have sell ratings, leaving a MarketBeat consensus rating of "Reduce" with a $19.00 consensus price target.
• The company reported a quarterly loss of $1.43 per share (missed the $0.99 loss estimate by $0.44) while beating revenue estimates ($641.8M vs. $615.5M), and it still shows negative profitability metrics (net margin -2.23%, ROE -8.40%).

Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.88 and traded as high as $19.74. Titan Machinery shares last traded at $19.41, with a volume of 139,787 shares trading hands.

Analyst Ratings Changes

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

Titan Machinery Price Performance

The stock has a market cap of $453.30 million, a price-to-earnings ratio of -8.16 and a beta of 1.26. The company has a 50-day simple moving average of $18.16 and a two-hundred day simple moving average of $16.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.41.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its quarterly 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). The company had revenue of $641.83 million for the quarter, compared to analyst estimates of $615.53 million. Titan Machinery had a negative return on equity of 8.40% and a negative net margin of 2.23%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Graham Capital Management L.P. increased its stake in shares of Titan Machinery by 8.1% during the 4th quarter. Graham Capital Management L.P. now owns 11,640 shares of the company's stock worth $175,000 after purchasing an additional 869 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Titan Machinery by 1.1% during the 2nd quarter. Gabelli Funds LLC now owns 95,500 shares of the company's stock worth $1,892,000 after purchasing an additional 1,000 shares during the last quarter. Quarry LP increased its stake in shares of Titan Machinery by 189.8% during the 3rd quarter. Quarry LP now owns 1,536 shares of the company's stock worth $26,000 after purchasing an additional 1,006 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Titan Machinery by 14.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,341 shares of the company's stock worth $140,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Titan Machinery by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,364 shares of the company's stock worth $337,000 after purchasing an additional 1,705 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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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