ValuEngine Downgrades Titan Machinery (NASDAQ:TITN) to Sell

Titan Machinery (NASDAQ:TITN) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, March 30th, ValuEngine reports.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Titan Machinery from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. BidaskClub raised Titan Machinery from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. TheStreet raised Titan Machinery from a “c+” rating to a “b” rating in a report on Wednesday, February 13th. Finally, William Blair reissued a “market perform” rating on shares of Titan Machinery in a report on Wednesday, January 30th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Titan Machinery has a consensus rating of “Hold” and an average target price of $22.00.

Shares of TITN traded up $0.12 during mid-day trading on Friday, reaching $17.50. 96,001 shares of the company’s stock traded hands, compared to its average volume of 185,794. The stock has a market cap of $379.86 million, a PE ratio of 26.12 and a beta of 2.16. The company has a current ratio of 1.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.08. Titan Machinery has a 12 month low of $11.99 and a 12 month high of $21.52.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.05). Titan Machinery had a net margin of 0.96% and a return on equity of 4.46%. The business had revenue of $359.60 million for the quarter, compared to the consensus estimate of $356.05 million. During the same period last year, the firm posted ($0.10) EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts forecast that Titan Machinery will post 0.85 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG increased its holdings in shares of Titan Machinery by 12.8% in the fourth quarter. Deutsche Bank AG now owns 87,165 shares of the company’s stock valued at $1,144,000 after buying an additional 9,922 shares in the last quarter. Geode Capital Management LLC grew its position in Titan Machinery by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 207,190 shares of the company’s stock worth $2,724,000 after purchasing an additional 11,517 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Titan Machinery by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,865,197 shares of the company’s stock worth $24,527,000 after purchasing an additional 7,490 shares in the last quarter. Walthausen & Co. LLC grew its position in Titan Machinery by 5.7% during the 4th quarter. Walthausen & Co. LLC now owns 75,040 shares of the company’s stock worth $987,000 after purchasing an additional 4,060 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Titan Machinery by 51.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,534 shares of the company’s stock worth $33,000 after purchasing an additional 866 shares in the last quarter. 77.43% of the stock is currently owned by institutional investors.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. 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.

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