Titan Machinery Inc. (NASDAQ:TITN)‘s stock had its “hold” rating restated by investment analysts at Piper Jaffray Companies in a note issued to investors on Friday. They presently have a $18.00 price objective on the stock. Piper Jaffray Companies’ price objective suggests a potential upside of 2.62% from the stock’s previous close.

TITN has been the subject of several other reports. Zacks Investment Research upgraded shares of Titan Machinery from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, June 30th. BidaskClub downgraded shares of Titan Machinery from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. TheStreet upgraded shares of Titan Machinery from a “d+” rating to a “c-” rating in a research note on Monday, April 10th. Finally, ValuEngine upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.67.

Titan Machinery (TITN) opened at 17.54 on Friday. The stock has a 50 day moving average price of $17.97 and a 200-day moving average price of $15.66. The company’s market capitalization is $374.86 million. Titan Machinery has a 1-year low of $8.68 and a 1-year high of $19.22.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Thursday, May 25th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.06. Titan Machinery had a negative return on equity of 4.11% and a negative net margin of 1.37%. The business had revenue of $264.10 million for the quarter, compared to analyst estimates of $257 million. During the same quarter in the prior year, the company earned ($0.21) earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. Equities analysts predict that Titan Machinery will post $0.03 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/06/titan-machinery-inc-titn-earns-hold-rating-from-piper-jaffray-companies.html.

In related news, Chairman David Joseph Meyer sold 44,950 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $17.25, for a total value of $775,387.50. Following the completion of the sale, the chairman now directly owns 724,660 shares in the company, valued at approximately $12,500,385. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.08% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Alambic Investment Management L.P. increased its stake in shares of Titan Machinery by 79.2% in the first quarter. Alambic Investment Management L.P. now owns 54,181 shares of the company’s stock valued at $831,000 after buying an additional 23,946 shares during the period. Hancock Holding Co. purchased a new stake in shares of Titan Machinery during the first quarter valued at about $199,000. Oxford Asset Management purchased a new stake in shares of Titan Machinery during the first quarter valued at about $168,000. JPMorgan Chase & Co. increased its stake in shares of Titan Machinery by 35.5% in the first quarter. JPMorgan Chase & Co. now owns 1,214,699 shares of the company’s stock valued at $18,634,000 after buying an additional 318,205 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Titan Machinery by 9.3% in the first quarter. Russell Investments Group Ltd. now owns 225,541 shares of the company’s stock valued at $3,460,000 after buying an additional 19,200 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

About Titan Machinery

Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.

Receive News & Ratings for Titan Machinery Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan Machinery Inc. and related companies with MarketBeat.com's FREE daily email newsletter.