Titan Machinery (NASDAQ:TITN) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

TITN has been the topic of a number of other reports. Zacks Investment Research raised Titan Machinery from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. ValuEngine lowered Titan Machinery from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Piper Jaffray Companies set a $19.00 target price on Titan Machinery and gave the stock a “hold” rating in a report on Friday, December 1st. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 target price (up from $18.00) on shares of Titan Machinery in a report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.75.

Titan Machinery (NASDAQ:TITN) traded down $0.53 during trading hours on Tuesday, reaching $21.98. The company had a trading volume of 315,129 shares, compared to its average volume of 242,265. Titan Machinery has a 1 year low of $11.68 and a 1 year high of $23.12. The company has a current ratio of 1.74, a quick ratio of 0.37 and a debt-to-equity ratio of 0.38.

Titan Machinery (NASDAQ:TITN) last released its 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 firm had revenue of $330.34 million for the quarter, compared to analyst estimates of $306.74 million. Titan Machinery had a negative return on equity of 2.29% and a negative net margin of 1.44%. Titan Machinery’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) earnings per share. sell-side analysts anticipate that Titan Machinery will post -0.19 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in TITN. Vanguard Group Inc. increased its stake in Titan Machinery by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 714,227 shares of the company’s stock worth $10,956,000 after purchasing an additional 44,131 shares in the last quarter. Geode Capital Management LLC increased its stake in Titan Machinery by 3.3% in the 1st quarter. Geode Capital Management LLC now owns 134,921 shares of the company’s stock worth $2,069,000 after purchasing an additional 4,283 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Titan Machinery by 10.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 840,710 shares of the company’s stock worth $12,896,000 after purchasing an additional 81,542 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Titan Machinery by 15.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 191,598 shares of the company’s stock worth $2,940,000 after purchasing an additional 25,270 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Titan Machinery by 4.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 71,486 shares of the company’s stock worth $1,096,000 after purchasing an additional 3,244 shares in the last quarter. 76.41% of the stock is currently 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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