Titan Machinery (NASDAQ:TITN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Titan Machinery (NASDAQ:TITN - Free Report) from a sell rating to a hold rating in a research report report published on Saturday.

TITN has been the topic of several other research reports. Northland Securities upgraded shares of Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 price objective on the stock in a research report on Friday, April 11th. Northland Capmk raised shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Robert W. Baird decreased their price target on shares of Titan Machinery from $25.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Lake Street Capital reissued a "hold" rating and set a $18.00 price objective (up previously from $15.00) on shares of Titan Machinery in a report on Friday, May 23rd. Finally, 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. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Titan Machinery Price Performance

Shares of TITN traded down $0.33 during mid-day trading on Friday, reaching $18.86. The stock had a trading volume of 275,944 shares, compared to its average volume of 261,020. The business has a fifty day moving average of $18.69 and a 200 day moving average of $16.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.18 and a current ratio of 1.33. The firm has a market cap of $435.29 million, a price-to-earnings ratio of -7.17 and a beta of 1.35. Titan Machinery has a 12 month low of $12.30 and a 12 month high of $23.41.

Titan Machinery (NASDAQ:TITN - Get Free Report) last issued 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 company had revenue of $594.34 million during the quarter, compared to the consensus estimate of $445.76 million. Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.22%.

Insider Transactions at Titan Machinery

In other news, Chairman David Joseph Meyer bought 3,000 shares of the stock in a transaction dated Monday, March 24th. The stock was purchased at an average price of $16.86 per share, for a total transaction of $50,580.00. Following the acquisition, the chairman now owns 138,388 shares of the company's stock, valued at $2,333,221.68. The trade was a 2.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.84% of the company's stock.

Hedge Funds Weigh In On Titan Machinery

Several hedge funds have recently added to or reduced their stakes in TITN. US Bancorp DE boosted its position in shares of Titan Machinery by 23.8% during the fourth quarter. US Bancorp DE now owns 3,861 shares of the company's stock valued at $55,000 after buying an additional 741 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Titan Machinery by 1.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 51,255 shares of the company's stock worth $873,000 after acquiring an additional 768 shares during the last quarter. Russell Investments Group Ltd. grew its position in Titan Machinery by 51.2% in the 4th quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company's stock valued at $37,000 after acquiring an additional 882 shares during the last quarter. Empowered Funds LLC increased its stake in Titan Machinery by 5.1% in the fourth quarter. Empowered Funds LLC now owns 20,000 shares of the company's stock worth $283,000 after purchasing an additional 962 shares during the period. Finally, Bridgeway Capital Management LLC lifted its position in shares of Titan Machinery by 5.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 20,000 shares of the company's stock worth $283,000 after purchasing an additional 962 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.