Titan Machinery (NASDAQ:TITN) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Several other brokerages also recently weighed in on TITN. William Blair upgraded shares of Titan Machinery from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 2nd. Robert W. Baird reiterated an “outperform” rating and set a $25.00 target price (up previously from $18.00) on shares of Titan Machinery in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Titan Machinery from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday, December 6th. Finally, Piper Jaffray Companies set a $19.00 target price on shares of Titan Machinery and gave the stock a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.00.

Shares of Titan Machinery (TITN) opened at $19.40 on Monday. Titan Machinery has a 12 month low of $11.68 and a 12 month high of $24.19. The firm has a market cap of $428.64, a PE ratio of -25.19, a PEG ratio of 5.38 and a beta of 1.61. The company has a current ratio of 1.70, a quick ratio of 0.33 and a debt-to-equity ratio of 0.31.

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

In related news, CEO David Joseph Meyer sold 61,796 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $21.85, for a total value of $1,350,242.60. Following the completion of the sale, the chief executive officer now owns 715,864 shares in the company, valued at $15,641,628.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.08% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Voya Investment Management LLC lifted its position in Titan Machinery by 14.2% in the second quarter. Voya Investment Management LLC now owns 11,520 shares of the company’s stock valued at $207,000 after purchasing an additional 1,429 shares during the period. The Manufacturers Life Insurance Company lifted its position in Titan Machinery by 14.1% in the second quarter. The Manufacturers Life Insurance Company now owns 16,622 shares of the company’s stock valued at $298,000 after purchasing an additional 2,054 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in Titan Machinery by 29.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 13,068 shares of the company’s stock valued at $235,000 after purchasing an additional 2,939 shares during the period. OxFORD Asset Management LLP lifted its position in Titan Machinery by 35.9% in the second quarter. OxFORD Asset Management LLP now owns 14,844 shares of the company’s stock valued at $267,000 after purchasing an additional 3,924 shares during the period. Finally, Teton Advisors Inc. lifted its position in Titan Machinery by 3.4% in the fourth quarter. Teton Advisors Inc. now owns 134,688 shares of the company’s stock valued at $2,851,000 after purchasing an additional 4,455 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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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.

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