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

Key Points

• Titan Machinery has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, signaling a more optimistic outlook for the stock.
• Analysts' price target for Titan Machinery has been increased, with B. Riley raising it from $19.00 to $22.00 and Lake Street Capital adjusting it from $15.00 to $18.00.
• Titan Machinery reported a revenue of $546.43 million for the last quarter, surpassing analysts' expectations, and has a consensus rating of "Buy" with an average target price of $22.25.

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

A number of other equities analysts also recently issued reports on the company. B. Riley raised 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 investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $22.25.

Titan Machinery Stock Performance

TITN traded down $0.31 during midday trading on Friday, hitting $20.33. 83,065 shares of the company traded hands, compared to its average volume of 246,143. The company's 50-day moving average is $19.93 and its 200 day moving average is $18.40. 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 firm has a market capitalization of $469.32 million, a PE ratio of -7.52 and a beta of 1.30. Titan Machinery has a 52 week low of $12.50 and a 52 week high of $23.41.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Titan Machinery by 109.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,817,108 shares of the company's stock worth $30,964,000 after acquiring an additional 948,707 shares during the period. Bessemer Group Inc. purchased a new stake in shares of Titan Machinery in the first quarter worth $10,716,000. Stephens Investment Management Group LLC bought a new stake in shares of Titan Machinery during the 2nd quarter valued at $7,606,000. Royce & Associates LP raised its position in shares of Titan Machinery by 500.2% during the 1st quarter. Royce & Associates LP now owns 452,570 shares of the company's stock valued at $7,712,000 after purchasing an additional 377,170 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Titan Machinery by 26.6% during the 2nd quarter. American Century Companies Inc. now owns 1,571,648 shares of the company's stock valued at $31,134,000 after buying an additional 330,436 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

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.