Titan Machinery (NASDAQ:TITN) has been assigned a $19.00 target price by stock analysts at Piper Jaffray Companies in a report issued on Friday. The firm presently has a “hold” rating on the stock. Piper Jaffray Companies’ price objective points to a potential downside of 11.91% from the stock’s previous close.

A number of other equities research analysts have also weighed in on TITN. Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 target price (up previously from $18.00) on shares of Titan Machinery in a research note on Friday. Zacks Investment Research raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub lowered shares of Titan Machinery from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, ValuEngine raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.67.

Shares of Titan Machinery (NASDAQ TITN) opened at $21.57 on Friday. Titan Machinery has a twelve month low of $11.68 and a twelve month high of $21.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.74 and a quick ratio of 0.37.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.12. The business had revenue of $330.34 million for the quarter, compared to analyst estimates of $306.74 million. Titan Machinery had a negative net margin of 1.44% and a negative return on equity of 2.29%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) EPS. equities analysts expect that Titan Machinery will post -0.21 EPS for the current year.

In other news, Director Stan K. Erickson bought 8,302 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average cost of $12.50 per share, with a total value of $103,775.00. Following the completion of the acquisition, the director now owns 13,495 shares of the company’s stock, valued at $168,687.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.08% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Titan Machinery during the third quarter valued at approximately $155,000. Numeric Investors LLC purchased a new position in shares of Titan Machinery during the second quarter valued at approximately $191,000. Voya Investment Management LLC raised its holdings in shares of Titan Machinery by 14.2% during the second quarter. Voya Investment Management LLC now owns 11,520 shares of the company’s stock valued at $207,000 after purchasing an additional 1,429 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Titan Machinery by 29.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 13,068 shares of the company’s stock valued at $235,000 after purchasing an additional 2,939 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of Titan Machinery during the third quarter valued at approximately $211,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

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Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.

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