Titan Machinery (TITN) Upgraded to “Strong-Buy” by BidaskClub

Titan Machinery (NASDAQ:TITN) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

A number of other analysts have also issued reports on TITN. Piper Jaffray Companies set a $19.00 price target on Titan Machinery and gave the company a “hold” rating in a report on Friday. Robert W. Baird reiterated an “outperform” rating and issued a $25.00 price target (up previously from $18.00) on shares of Titan Machinery in a report on Friday. Zacks Investment Research upgraded Titan Machinery from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, ValuEngine upgraded Titan Machinery from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Titan Machinery has an average rating of “Buy” and an average price target of $20.67.

Shares of Titan Machinery (TITN) opened at $21.99 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.37 and a current ratio of 1.74. Titan Machinery has a twelve month low of $11.68 and a twelve month high of $22.82.

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, beating analysts’ consensus estimates of $0.08 by $0.12. The firm had revenue of $330.34 million during 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 quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) earnings per share. equities research analysts predict that Titan Machinery will post -0.21 EPS for the current fiscal year.

In related news, Director Stan K. Erickson bought 8,302 shares of the stock in a transaction on Wednesday, September 6th. The stock was bought at an average price of $12.50 per share, for a total transaction of $103,775.00. Following the completion of the acquisition, the director now directly owns 13,495 shares in the company, valued at $168,687.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.08% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Titan Machinery by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 714,227 shares of the company’s stock valued at $10,956,000 after purchasing an additional 44,131 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Titan Machinery by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 134,921 shares of the company’s stock valued at $2,069,000 after purchasing an additional 4,283 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Titan Machinery by 10.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 840,710 shares of the company’s stock valued at $12,896,000 after purchasing an additional 81,542 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Titan Machinery by 15.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 191,598 shares of the company’s stock valued at $2,940,000 after purchasing an additional 25,270 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Titan Machinery by 4.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 71,486 shares of the company’s stock valued at $1,096,000 after purchasing an additional 3,244 shares during the last quarter. Institutional investors own 76.41% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2017/12/05/titan-machinery-titn-upgraded-to-strong-buy-by-bidaskclub.html.

About Titan Machinery

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.

Receive News & Ratings for Titan Machinery Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan Machinery Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply