Titan Machinery (NASDAQ:TITN) Price Target Cut to $25.00

Titan Machinery (NASDAQ:TITN) had its target price reduced by investment analysts at Craig Hallum from $30.00 to $25.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price objective indicates a potential upside of 26.58% from the company’s current price.

Other analysts have also recently issued research reports about the company. Robert W. Baird dropped their price objective on Titan Machinery from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday. TheStreet cut Titan Machinery from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.80.

Titan Machinery Stock Performance

Shares of TITN opened at $19.75 on Friday. The stock’s 50-day simple moving average is $23.53 and its 200 day simple moving average is $25.47. The stock has a market capitalization of $450.70 million, a price-to-earnings ratio of 4.00 and a beta of 1.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.19 and a current ratio of 1.32. Titan Machinery has a 52-week low of $18.68 and a 52-week high of $35.88.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.26). The company had revenue of $628.70 million for the quarter, compared to analysts’ expectations of $664.18 million. Titan Machinery had a return on equity of 18.40% and a net margin of 4.08%. Research analysts forecast that Titan Machinery will post 3.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Titan Machinery

Institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC bought a new position in Titan Machinery in the 4th quarter worth about $87,000. C M Bidwell & Associates Ltd. bought a new position in shares of Titan Machinery during the 3rd quarter valued at about $128,000. Quest Partners LLC bought a new position in Titan Machinery during the 4th quarter worth approximately $165,000. Truvestments Capital LLC grew its position in Titan Machinery by 30.7% during the 3rd quarter. Truvestments Capital LLC now owns 7,367 shares of the company’s stock worth $196,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Corton Capital Inc. bought a new position in Titan Machinery during the 3rd quarter worth approximately $234,000. 78.38% of the stock is currently owned by institutional investors.

Titan Machinery Company Profile

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.