Titan Machinery Inc. (NASDAQ:TITN) Given Average Rating of “Hold” by Analysts

Titan Machinery Inc. (NASDAQ:TITN) has been given an average rating of “Hold” by the five brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $21.50.

Several equities analysts recently issued reports on TITN shares. Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Robert W. Baird reiterated a “neutral” rating and set a $21.00 price target (down from $24.00) on shares of Titan Machinery in a report on Monday, December 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Titan Machinery in a research report on Thursday, January 22nd.

Institutional Investors Weigh In On Titan Machinery

Several large investors have recently added to or reduced their stakes in TITN. Quarry LP boosted its holdings in shares of Titan Machinery by 189.8% during the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock worth $26,000 after buying an additional 1,006 shares in the last quarter. New York State Teachers Retirement System bought a new position in Titan Machinery during the third quarter worth $32,000. Tower Research Capital LLC TRC boosted its stake in Titan Machinery by 352.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock worth $52,000 after acquiring an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Titan Machinery by 94.3% in the third quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock worth $67,000 after purchasing an additional 1,957 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Titan Machinery in the fourth quarter valued at $101,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Titan Machinery Stock Performance

NASDAQ TITN opened at $18.05 on Tuesday. The company has a market capitalization of $421.83 million, a price-to-earnings ratio of -6.64 and a beta of 1.23. Titan Machinery has a twelve month low of $12.50 and a twelve month high of $23.41. The stock has a fifty day simple moving average of $17.52 and a 200 day simple moving average of $17.31. The company has a quick ratio of 0.24, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.