Titan Machinery (NASDAQ:TITN) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Titan Machinery (NASDAQ:TITN) from a hold rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Titan Machinery in a research report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $29.00.

Titan Machinery Price Performance

Titan Machinery stock opened at $20.57 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $18.99 and a 200-day simple moving average of $19.27. The stock has a market cap of $479.28 million, a P/E ratio of -8.26 and a beta of 1.41. Titan Machinery has a 12-month low of $13.21 and a 12-month high of $25.00.

Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, August 27th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.04). Titan Machinery had a negative net margin of 2.46% and a negative return on equity of 9.06%. The business had revenue of $496.38 million during the quarter, compared to analysts’ expectations of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. Equities analysts expect that Titan Machinery will post -1.63 EPS for the current fiscal year.

Institutional Trading of Titan Machinery

A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its stake in Titan Machinery by 441.4% in the second quarter. California State Teachers Retirement System now owns 6,188 shares of the company’s stock valued at $131,000 after purchasing an additional 5,045 shares during the period. Nantahala Capital Management LLC acquired a new stake in shares of Titan Machinery during the second quarter worth about $23,930,819. Empowered Funds LLC acquired a new stake in shares of Titan Machinery during the second quarter worth about $2,753,000. Public Employees Retirement System of Ohio purchased a new position in shares of Titan Machinery during the second quarter worth about $459,000. Finally, Bank of America Corp DE purchased a new position in shares of Titan Machinery during the second quarter worth about $1,863,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

About Titan Machinery

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.