Titan Machinery (NASDAQ:TITN – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.
TITN has been the subject of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Titan Machinery in a research report on Friday, September 25th. Robert W. Baird raised shares of Titan Machinery from a “neutral” rating to an “outperform” rating and set a $29.00 price target on the stock in a report on Monday, August 31st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $29.00.
View Our Latest Stock Analysis on Titan Machinery
Titan Machinery Price Performance
Shares of NASDAQ TITN opened at $23.53 on Friday. The firm has a market capitalization of $553.66 million, a P/E ratio of -9.45 and a beta of 1.41. The company has a quick ratio of 0.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.33. The stock’s 50-day simple moving average is $23.01 and its two-hundred day simple moving average is $20.01. Titan Machinery has a twelve month low of $13.21 and a twelve month high of $26.90.
Titan Machinery (NASDAQ:TITN – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). Titan Machinery had a negative net margin of 2.46% and a negative return on equity of 9.17%. The business had revenue of $496.38 million for the quarter, compared to the consensus estimate of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. As a group, equities analysts anticipate that Titan Machinery will post -1.67 EPS for the current fiscal year.
Hedge Funds Weigh In On Titan Machinery
Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc bought a new position in Titan Machinery during the second quarter valued at approximately $45,000. Canada Pension Plan Investment Board purchased a new position in shares of Titan Machinery during the second quarter worth approximately $289,000. State of Wyoming bought a new stake in shares of Titan Machinery in the 2nd quarter worth approximately $359,000. Engineers Gate Manager LP lifted its holdings in shares of Titan Machinery by 17.7% in the 2nd quarter. Engineers Gate Manager LP now owns 17,960 shares of the company’s stock worth $379,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Titan Machinery in the 2nd quarter worth approximately $459,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Titan Machinery Company Profile
Titan Machinery Inc is a regional agricultural and construction equipment dealer headquartered in West Fargo, North Dakota. The company sells and rents new and used equipment, along with replacement parts and related products, and provides repair, maintenance and other support services to commercial and agricultural customers.
Its agricultural offerings include tractors, combines, planting and seeding equipment, sprayers, hay and forage equipment, and other farm machinery. The company also distributes construction equipment used in earthmoving, roadbuilding, material handling and related applications.
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