Titan Machinery (NASDAQ:TITN) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Other equities analysts have also recently issued research reports about the company. William Blair raised Titan Machinery from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 2nd. Zacks Investment Research raised Titan Machinery from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, December 6th. Piper Jaffray Companies set a $19.00 price target on Titan Machinery and gave the company a “hold” rating in a report on Friday, December 1st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $25.00 target price (up from $18.00) on shares of Titan Machinery in a report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.00.

Titan Machinery (NASDAQ:TITN) traded up $0.20 during trading on Thursday, reaching $22.64. The company’s stock had a trading volume of 111,858 shares, compared to its average volume of 194,211. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.33 and a current ratio of 1.70. The firm has a market cap of $495.80, a PE ratio of -29.03 and a beta of 1.76. Titan Machinery has a 12-month low of $11.68 and a 12-month high of $24.19.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, November 30th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.08 by $0.12. The firm had revenue of $330.34 million during the quarter, compared to analysts’ expectations of $306.74 million. Titan Machinery had a negative return on equity of 2.29% and a negative net margin of 1.44%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) EPS. sell-side analysts expect that Titan Machinery will post -0.19 earnings per share for the current year.

In other news, CEO David Joseph Meyer sold 61,796 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $21.85, for a total value of $1,350,242.60. Following the completion of the transaction, the chief executive officer now directly owns 715,864 shares of the company’s stock, valued at approximately $15,641,628.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 16.08% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Titan Machinery in the 3rd quarter worth approximately $155,000. Numeric Investors LLC acquired a new position in shares of Titan Machinery in the 2nd quarter worth approximately $191,000. Voya Investment Management LLC raised its holdings in shares of Titan Machinery by 14.2% in the 2nd quarter. Voya Investment Management LLC now owns 11,520 shares of the company’s stock worth $207,000 after buying an additional 1,429 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Titan Machinery by 29.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 13,068 shares of the company’s stock worth $235,000 after buying an additional 2,939 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Titan Machinery in the 3rd quarter worth approximately $211,000. 76.20% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Titan Machinery (TITN) Lowered to “Buy” at BidaskClub” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2018/01/20/titan-machinery-titn-lowered-to-buy-at-bidaskclub.html.

Titan Machinery Company Profile

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