BidaskClub upgraded shares of Titan Machinery (NASDAQ:TITN) from a sell rating to a hold rating in a research note issued to investors on Tuesday.
Other equities research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Titan Machinery from a hold rating to a buy rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded shares of Titan Machinery from a sell rating to a hold rating in a research report on Wednesday, August 1st. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $22.75.
NASDAQ:TITN opened at $14.82 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.29 and a current ratio of 1.43. Titan Machinery has a one year low of $13.66 and a one year high of $25.09. The company has a market cap of $344.05 million, a P/E ratio of -125.17 and a beta of 1.70.
Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, August 30th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.12 by $0.16. Titan Machinery had a net margin of 0.63% and a return on equity of 2.16%. The business had revenue of $299.89 million for the quarter, compared to the consensus estimate of $291.08 million. During the same period last year, the company earned ($0.04) EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, analysts expect that Titan Machinery will post 0.63 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its position in shares of Titan Machinery by 1.2% in the 1st quarter. Northern Trust Corp now owns 220,404 shares of the company’s stock worth $5,193,000 after purchasing an additional 2,557 shares during the period. Sei Investments Co. lifted its position in shares of Titan Machinery by 10.6% in the 2nd quarter. Sei Investments Co. now owns 49,103 shares of the company’s stock worth $764,000 after purchasing an additional 4,725 shares during the period. Citigroup Inc. lifted its position in shares of Titan Machinery by 794.6% in the 1st quarter. Citigroup Inc. now owns 5,672 shares of the company’s stock worth $133,000 after purchasing an additional 5,038 shares during the period. Smith Asset Management Group LP lifted its position in shares of Titan Machinery by 190.3% in the 2nd quarter. Smith Asset Management Group LP now owns 9,793 shares of the company’s stock worth $152,000 after purchasing an additional 6,420 shares during the period. Finally, ClariVest Asset Management LLC lifted its position in shares of Titan Machinery by 5.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 131,714 shares of the company’s stock worth $2,049,000 after purchasing an additional 7,000 shares during the period. Institutional investors and hedge funds own 82.07% of the company’s stock.
About Titan Machinery
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.
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