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 report published on Saturday.

Several other brokerages have also recently weighed in on TITN. Northland Securities upgraded Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 price target for the company in a research report on Friday, April 11th. Lake Street Capital reiterated a "hold" rating and issued a $18.00 target price (up from $15.00) on shares of Titan Machinery in a research note on Friday, May 23rd. B. Riley increased their price target on shares of Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th. Robert W. Baird cut their price objective on shares of Titan Machinery from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, Northland Capmk raised shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.00.

Titan Machinery Stock Performance

Shares of TITN stock traded up $0.36 during trading hours on Friday, hitting $19.27. The company's stock had a trading volume of 136,229 shares, compared to its average volume of 260,121. The company has a 50 day moving average of $18.73 and a 200 day moving average of $16.92. The stock has a market cap of $444.75 million, a PE ratio of -7.33 and a beta of 1.35. The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.33. 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 posted its earnings results on Thursday, May 22nd. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TITN. Russell Investments Group Ltd. boosted its holdings in Titan Machinery by 51.2% in the 4th quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company's stock worth $37,000 after buying an additional 882 shares during the last quarter. US Bancorp DE lifted its position in shares of Titan Machinery by 23.8% in the fourth quarter. US Bancorp DE now owns 3,861 shares of the company's stock valued at $55,000 after acquiring an additional 741 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Titan Machinery by 42.8% in the first quarter. New York State Common Retirement Fund now owns 4,674 shares of the company's stock valued at $80,000 after acquiring an additional 1,400 shares in the last quarter. State of Wyoming acquired a new stake in shares of Titan Machinery in the first quarter worth approximately $109,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Titan Machinery by 91.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company's stock worth $122,000 after purchasing an additional 4,103 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

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.