Titan Machinery (NASDAQ:TITN) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Titan Machinery (NASDAQ:TITN) from a sell rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Several other research analysts also recently issued reports on TITN. Robert W. Baird set a $29.00 price target on Titan Machinery and gave the stock an “outperform” rating in a research note on Monday, August 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Titan Machinery in a research report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $29.00.

Titan Machinery Price Performance

TITN stock opened at $23.12 on Friday. The firm has a 50 day moving average of $22.53 and a 200-day moving average of $20.83. Titan Machinery has a 12-month low of $13.21 and a 12-month high of $26.90. The company has a current ratio of 1.35, a quick ratio of 0.21 and a debt-to-equity ratio of 0.33. The company has a market cap of $544.01 million, a price-to-earnings ratio of -9.29 and a beta of 1.41.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). The firm had revenue of $496.38 million during the quarter, compared to analyst estimates of $483.78 million. Titan Machinery had a negative return on equity of 9.17% and a negative net margin of 2.46%. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. As a group, equities analysts expect that Titan Machinery will post -1.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Titan Machinery

A number of institutional investors and hedge funds have recently bought and sold shares of TITN. Legal & General Group Plc acquired a new stake in shares of Titan Machinery during the second quarter valued at $45,000. Canada Pension Plan Investment Board acquired a new position in Titan Machinery in the 2nd quarter valued at about $289,000. State of Wyoming purchased a new position in Titan Machinery in the 2nd quarter valued at about $359,000. Engineers Gate Manager LP lifted its holdings in Titan Machinery by 17.7% in the 2nd quarter. Engineers Gate Manager LP now owns 17,960 shares of the company’s stock valued at $379,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Titan Machinery in the 2nd quarter valued at about $459,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

About Titan Machinery

Titan Machinery Inc is a regional agricultural and construction equipment dealer headquartered in West Fargo, North Dakota. The company sells and rents new and used equipment, along with replacement parts and related products, and provides repair, maintenance and other support services to commercial and agricultural customers.

Its agricultural offerings include tractors, combines, planting and seeding equipment, sprayers, hay and forage equipment, and other farm machinery. The company also distributes construction equipment used in earthmoving, roadbuilding, material handling and related applications.