Northland Securities Reiterates Market Perform Rating for Titan Machinery (NASDAQ:TITN)

Northland Securities reaffirmed their market perform rating on shares of Titan Machinery (NASDAQ:TITN) in a research report released on Friday, Benzinga reports. The firm currently has a $25.00 target price on the stock.

A number of other equities research analysts also recently commented on TITN. B. Riley reduced their target price on Titan Machinery from $20.00 to $15.00 and set a neutral rating on the stock in a research report on Tuesday, September 3rd. Craig Hallum reduced their target price on Titan Machinery from $25.00 to $16.00 and set a buy rating on the stock in a research report on Thursday, August 15th. Robert W. Baird dropped their price objective on Titan Machinery from $18.00 to $13.00 and set a neutral rating for the company in a research note on Thursday, August 15th. Northland Capmk cut Titan Machinery from a strong-buy rating to a hold rating in a research note on Tuesday, August 20th. Finally, StockNews.com cut Titan Machinery from a hold rating to a sell rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $21.00.

Titan Machinery Trading Up 0.6 %

Titan Machinery stock opened at $13.39 on Friday. The stock has a 50-day moving average of $15.21 and a two-hundred day moving average of $19.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 1.27. Titan Machinery has a one year low of $12.30 and a one year high of $29.30. The stock has a market cap of $309.71 million, a PE ratio of 3.22 and a beta of 1.26.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.09). The firm had revenue of $633.70 million during the quarter, compared to analysts’ expectations of $645.28 million. Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 earnings per share. On average, research analysts anticipate that Titan Machinery will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Titan Machinery

A number of institutional investors have recently made changes to their positions in TITN. Innealta Capital LLC acquired a new position in Titan Machinery during the 2nd quarter worth $36,000. Canada Pension Plan Investment Board acquired a new stake in shares of Titan Machinery in the second quarter valued at $37,000. nVerses Capital LLC lifted its holdings in shares of Titan Machinery by 118.2% in the second quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $38,000 after buying an additional 1,300 shares during the period. Quest Partners LLC acquired a new stake in shares of Titan Machinery in the fourth quarter valued at $165,000. Finally, Waterfront Wealth Inc. acquired a new stake in shares of Titan Machinery in the second quarter valued at $177,000. 78.38% of the stock is currently owned by 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.