Brokerages Set Titan Machinery Inc. (NASDAQ:TITN) Target Price at $19.20

Titan Machinery Inc. (NASDAQ:TITN) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $19.20.

A number of research firms have commented on TITN. Baird R W upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Robert W. Baird upgraded Titan Machinery from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $14.00 to $25.00 in a research report on Monday, January 27th.

Institutional Trading of Titan Machinery

Several institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE lifted its position in shares of Titan Machinery by 23.8% in the fourth quarter. US Bancorp DE now owns 3,861 shares of the company’s stock valued at $55,000 after acquiring an additional 741 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Titan Machinery by 51.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company’s stock worth $37,000 after buying an additional 882 shares during the period. Empowered Funds LLC lifted its position in Titan Machinery by 5.1% during the fourth quarter. Empowered Funds LLC now owns 20,000 shares of the company’s stock worth $283,000 after buying an additional 962 shares during the period. Bridgeway Capital Management LLC lifted its position in Titan Machinery by 5.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 20,000 shares of the company’s stock worth $283,000 after buying an additional 962 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Titan Machinery by 8.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,655 shares of the company’s stock worth $208,000 after buying an additional 1,197 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Titan Machinery Trading Down 6.1 %

Shares of TITN stock opened at $18.14 on Friday. The business’s fifty day moving average price is $16.05 and its 200 day moving average price is $14.96. Titan Machinery has a 1-year low of $12.30 and a 1-year high of $27.13. The firm has a market capitalization of $419.58 million, a PE ratio of 13.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15.

Titan Machinery (NASDAQ:TITN) last posted its earnings results on Tuesday, November 26th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $679.80 million for the quarter, compared to the consensus estimate of $675.30 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. Titan Machinery’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 earnings per share.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. 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.