Titan Machinery Inc Q1 2018 Institutional Investor Sentiment Worse Than Expected

July 27, 2018 - By Victoria Pittman

Titan Machinery Inc. (NASDAQ:TITN) Logo

Sentiment for Titan Machinery Inc (NASDAQ:TITN)

Titan Machinery Inc (NASDAQ:TITN) institutional sentiment decreased to 1.13 in 2018 Q1. Its down -0.30, from 1.43 in 2017Q4. The ratio fall, as 61 investment professionals opened new or increased stock positions, while 54 sold and reduced equity positions in Titan Machinery Inc. The investment professionals in our partner’s database reported: 17.82 million shares, up from 16.91 million shares in 2017Q4. Also, the number of investment professionals holding Titan Machinery Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 18 Reduced: 36 Increased: 39 New Position: 22.

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The company has market cap of $318.39 million. It operates through three divisions: Agriculture, Construction, and International. It currently has negative earnings. The firm sells new and used equipment comprising agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.

The stock decreased 2.65% or $0.4 during the last trading session, reaching $14.69. About 205,309 shares traded. Titan Machinery Inc. (NASDAQ:TITN) has risen 25.52% since July 27, 2017 and is uptrending. It has outperformed by 12.95% the S&P500.

Analysts await Titan Machinery Inc. (NASDAQ:TITN) to report earnings on August, 30. They expect $0.09 earnings per share, up 325.00 % or $0.13 from last year’s $-0.04 per share. TITN’s profit will be $1.95 million for 40.81 P/E if the $0.09 EPS becomes a reality. After $-0.07 actual earnings per share reported by Titan Machinery Inc. for the previous quarter, Wall Street now forecasts -228.57 % EPS growth.

Rutabaga Capital Management Llc Ma holds 1.56% of its portfolio in Titan Machinery Inc. for 280,782 shares. Northpointe Capital Llc owns 435,503 shares or 1.28% of their US portfolio. Moreover, Granahan Investment Management Inc Ma has 1.21% invested in the company for 711,799 shares. The New Jersey-based Systematic Financial Management Lp has invested 0.44% in the stock. Eagle Boston Investment Management Inc, a Massachusetts-based fund reported 166,316 shares.

Since January 1, 0001, it had 1 insider buy, and 1 sale for $2,583 activity.

Titan Machinery Inc. (NASDAQ:TITN) Ratings Coverage

Ratings analysis reveals 50% of Titan Machinery Inc’s analysts are positive. Out of 4 Wall Street analysts rating Titan Machinery Inc, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $2300 while the high is $2600. The stock’s average target of $25 is 70.18% above today’s ($14.69) share price. TITN was included in 4 notes of analysts from March 29, 2018. The firm earned “Hold” rating on Wednesday, April 4 by William Blair. The firm earned “Buy” rating on Thursday, March 29 by Robert W. Baird. The stock of Titan Machinery Inc. (NASDAQ:TITN) has “Hold” rating given on Thursday, March 29 by Stephens.

Titan Machinery Inc. (NASDAQ:TITN) Institutional Positions Chart

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