Titan Machinery (NASDAQ:TITN) PT Lowered to $25.00 at Craig Hallum

Titan Machinery (NASDAQ:TITN) had its price target decreased by Craig Hallum from $30.00 to $25.00 in a report released on Friday morning, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

TITN has been the subject of several other research reports. TheStreet cut Titan Machinery from a b- rating to a c+ rating in a research report on Monday, February 26th. Robert W. Baird decreased their price target on Titan Machinery from $24.00 to $18.00 and set a neutral rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $35.80.

Titan Machinery Stock Down 5.5 %

TITN stock traded down $1.09 during midday trading on Friday, hitting $18.66. 576,583 shares of the company’s stock were exchanged, compared to its average volume of 272,121. The stock has a market capitalization of $425.71 million, a price-to-earnings ratio of 4.48 and a beta of 1.41. The firm has a 50 day moving average price of $23.40 and a 200-day moving average price of $25.42. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 0.16. Titan Machinery has a 12-month low of $18.49 and a 12-month high of $35.88.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.26). The firm had revenue of $628.70 million during the quarter, compared to the consensus estimate of $664.18 million. Titan Machinery had a return on equity of 15.15% and a net margin of 3.37%. On average, analysts anticipate that Titan Machinery will post 2.5 EPS for the current year.

Institutional Trading of Titan Machinery

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Titan Machinery by 3.6% in the 3rd quarter. Victory Capital Management Inc. now owns 281,520 shares of the company’s stock valued at $7,483,000 after purchasing an additional 9,734 shares in the last quarter. Barclays PLC raised its position in Titan Machinery by 68.0% during the third quarter. Barclays PLC now owns 14,514 shares of the company’s stock worth $386,000 after acquiring an additional 5,873 shares during the period. Smith Graham & Co. Investment Advisors LP grew its holdings in shares of Titan Machinery by 9.8% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 238,270 shares of the company’s stock worth $6,333,000 after buying an additional 21,319 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Titan Machinery by 8.9% during the third quarter. First Eagle Investment Management LLC now owns 172,819 shares of the company’s stock worth $4,594,000 after buying an additional 14,100 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Titan Machinery by 52.6% in the third quarter. Gamco Investors INC. ET AL now owns 101,500 shares of the company’s stock valued at $2,698,000 after purchasing an additional 35,000 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. 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.