Titan Machinery (NASDAQ:TITN) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Titan Machinery (NASDAQ:TITN) from a hold rating to a sell rating in a research note published on Tuesday, BidAskClub reports.

A number of other equities analysts have also weighed in on the company. TheStreet raised Titan Machinery from a c+ rating to a b rating in a research note on Wednesday, February 13th. Zacks Investment Research raised Titan Machinery from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Wednesday, February 27th. ValuEngine lowered Titan Machinery from a buy rating to a hold rating in a research note on Monday, February 25th. Finally, Robert W. Baird lowered Titan Machinery from an outperform rating to a neutral rating and lowered their price objective for the stock from $26.00 to $18.00 in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $18.50.

NASDAQ TITN opened at $16.53 on Tuesday. The firm has a market cap of $360.93 million, a price-to-earnings ratio of 24.67 and a beta of 2.06. The company has a current ratio of 1.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.36. Titan Machinery has a fifty-two week low of $11.99 and a fifty-two week high of $20.85.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, May 30th. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.07. The company had revenue of $278.29 million for the quarter, compared to analyst estimates of $250.38 million. Titan Machinery had a return on equity of 5.06% and a net margin of 1.03%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Equities analysts anticipate that Titan Machinery will post 0.88 EPS for the current year.

Several institutional investors have recently made changes to their positions in TITN. Public Employees Retirement System of Ohio lifted its stake in shares of Titan Machinery by 51.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,534 shares of the company’s stock valued at $33,000 after purchasing an additional 866 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Titan Machinery by 33.3% in the 4th quarter. Macquarie Group Ltd. now owns 3,199 shares of the company’s stock valued at $42,000 after purchasing an additional 800 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Titan Machinery in the 4th quarter valued at $48,000. Legal & General Group Plc lifted its stake in shares of Titan Machinery by 51.7% in the 4th quarter. Legal & General Group Plc now owns 4,110 shares of the company’s stock valued at $55,000 after purchasing an additional 1,400 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Titan Machinery by 108.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,143 shares of the company’s stock valued at $64,000 after purchasing an additional 2,151 shares during the last quarter. 79.06% of the stock is currently owned by institutional investors and hedge funds.

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 Industrial family of brands, as well as equipment from various other manufacturers.

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