Titan Machinery (NASDAQ:TITN) Upgraded to “Strong-Buy” at Robert W. Baird

Robert W. Baird upgraded shares of Titan Machinery (NASDAQ:TITN) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks reports.

A number of other brokerages have also issued reports on TITN. Weiss Ratings reissued a “sell (d-)” rating on shares of Titan Machinery in a report on Monday, June 29th. Wall Street Zen downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Titan Machinery Stock Performance

NASDAQ:TITN opened at $20.57 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.22 and a current ratio of 1.38. Titan Machinery has a fifty-two week low of $13.21 and a fifty-two week high of $25.00. The firm has a market cap of $479.28 million, a PE ratio of -8.26 and a beta of 1.41. The business has a 50 day moving average price of $18.99 and a 200-day moving average price of $19.27.

Titan Machinery (NASDAQ:TITN) last issued its earnings results on Thursday, August 27th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.04). Titan Machinery had a negative return on equity of 9.06% and a negative net margin of 2.46%.The firm had revenue of $496.38 million during the quarter, compared to analysts’ expectations of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. Equities research analysts predict that Titan Machinery will post -1.63 earnings per share for the current year.

Institutional Trading of Titan Machinery

A number of hedge funds have recently modified their holdings of TITN. Quarry LP lifted its position in Titan Machinery by 189.8% during the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock valued at $26,000 after acquiring an additional 1,006 shares during the period. Legal & General Group Plc purchased a new stake in Titan Machinery in the second quarter worth about $45,000. Tower Research Capital LLC TRC grew its holdings in Titan Machinery by 352.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock worth $52,000 after purchasing an additional 2,043 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Titan Machinery by 94.3% during the third quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock valued at $67,000 after purchasing an additional 1,957 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Titan Machinery by 441.4% during the second quarter. California State Teachers Retirement System now owns 6,188 shares of the company’s stock valued at $131,000 after purchasing an additional 5,045 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.