A number of research firms have changed their ratings and price targets for Titan Machinery (NASDAQ: TITN):

  • 4/5/2019 – Titan Machinery was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/2/2019 – Titan Machinery was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Titan Machinery represents a diversified mix of agricultural, construction, and consumer products dealerships located in the upper Midwest. Their Shared Resource Headquarters is located in the heart of the Red River Valley in Fargo, ND. Titan Machinery is a dealer for Case IH, Case Construction, New Holland, and New Holland Construction. Titan Machinery also represents shortline equipment to meet specialized customer demand and niche product needs. “
  • 3/30/2019 – Titan Machinery was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/30/2019 – Titan Machinery was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/28/2019 – Titan Machinery was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 3/13/2019 – Titan Machinery was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Titan Machinery represents a diversified mix of agricultural, construction, and consumer products dealerships located in the upper Midwest. Their Shared Resource Headquarters is located in the heart of the Red River Valley in Fargo, ND. Titan Machinery is a dealer for Case IH, Case Construction, New Holland, and New Holland Construction. Titan Machinery also represents shortline equipment to meet specialized customer demand and niche product needs. “
  • 3/5/2019 – Titan Machinery was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/27/2019 – Titan Machinery was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Titan Machinery represents a diversified mix of agricultural, construction, and consumer products dealerships located in the upper Midwest. Their Shared Resource Headquarters is located in the heart of the Red River Valley in Fargo, ND. Titan Machinery is a dealer for Case IH, Case Construction, New Holland, and New Holland Construction. Titan Machinery also represents shortline equipment to meet specialized customer demand and niche product needs. “
  • 2/25/2019 – Titan Machinery was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 2/20/2019 – Titan Machinery was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of NASDAQ:TITN opened at $16.68 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.08. Titan Machinery Inc. has a one year low of $11.99 and a one year high of $21.98. The firm has a market capitalization of $369.57 million, a price-to-earnings ratio of 24.90 and a beta of 2.16.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.05). Titan Machinery had a net margin of 0.96% and a return on equity of 4.46%. The firm had revenue of $359.60 million during the quarter, compared to the consensus estimate of $356.05 million. During the same period in the previous year, the business earned ($0.10) earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts expect that Titan Machinery Inc. will post 0.85 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in Titan Machinery by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,865,197 shares of the company’s stock valued at $24,527,000 after purchasing an additional 7,490 shares during the period. BlackRock Inc. raised its position in shares of Titan Machinery by 5.0% during the 4th quarter. BlackRock Inc. now owns 1,383,239 shares of the company’s stock valued at $18,188,000 after buying an additional 65,756 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Titan Machinery by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,193,116 shares of the company’s stock valued at $18,476,000 after buying an additional 28,882 shares in the last quarter. Vanguard Group Inc raised its position in shares of Titan Machinery by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 879,288 shares of the company’s stock valued at $13,615,000 after buying an additional 24,580 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Titan Machinery by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 879,288 shares of the company’s stock valued at $13,615,000 after buying an additional 24,580 shares in the last quarter. 77.43% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.

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