Wall Street Zen Upgrades Titan Machinery (NASDAQ:TITN) to “Hold”

Titan Machinery (NASDAQ:TITN) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird set a $29.00 price objective on shares of Titan Machinery and gave the stock an “outperform” rating in a research note on Monday, August 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Titan Machinery in a research note on Friday, September 25th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.00.

Titan Machinery Price Performance

TITN stock opened at $23.12 on Friday. The stock has a 50-day moving average price of $22.53 and a two-hundred day moving average price of $20.85. 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 PE ratio of -9.29 and a beta of 1.41.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, August 27th. The company reported ($0.40) EPS 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 analysts’ expectations 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, research analysts predict that Titan Machinery will post -1.67 EPS for the current year.

Hedge Funds Weigh In On Titan Machinery

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new stake in shares of Titan Machinery during the second quarter valued at approximately $45,000. Canada Pension Plan Investment Board purchased a new position in shares of Titan Machinery in the second quarter valued at $289,000. State of Wyoming purchased a new position in shares of Titan Machinery in the second quarter valued at $359,000. Engineers Gate Manager LP grew its holdings in Titan Machinery by 17.7% during 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 acquired a new stake in Titan Machinery during the 2nd quarter valued at $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.