Titan Machinery (NASDAQ:TITN) Rating Increased to Outperform at Robert W. Baird

Titan Machinery (NASDAQ:TITNGet Free Report) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm currently has a $25.00 target price on the stock, up from their prior target price of $14.00. Robert W. Baird’s target price suggests a potential upside of 38.05% from the company’s current price.

Titan Machinery Trading Up 4.1 %

TITN opened at $18.11 on Monday. Titan Machinery has a one year low of $12.30 and a one year high of $28.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. The stock has a market cap of $418.88 million, a price-to-earnings ratio of 13.52 and a beta of 1.30. The stock’s 50 day moving average price is $14.81 and its 200-day moving average price is $14.73.

Titan Machinery (NASDAQ:TITNGet Free Report) last issued 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 business had revenue of $679.80 million for the quarter, compared to analyst estimates of $675.30 million. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. On average, equities analysts forecast that Titan Machinery will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Titan Machinery

Large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new position in Titan Machinery in the second quarter worth about $37,000. Sei Investments Co. grew its holdings in Titan Machinery by 6.9% in the second quarter. Sei Investments Co. now owns 306,624 shares of the company’s stock worth $4,875,000 after purchasing an additional 19,660 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Titan Machinery by 552.2% during the second quarter. Squarepoint Ops LLC now owns 87,648 shares of the company’s stock worth $1,394,000 after purchasing an additional 74,209 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Titan Machinery by 23.5% during the 2nd quarter. AQR Capital Management LLC now owns 164,064 shares of the company’s stock valued at $2,609,000 after purchasing an additional 31,199 shares during the last quarter. Finally, Dana Investment Advisors Inc. grew its stake in Titan Machinery by 32.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after buying an additional 95,221 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Titan Machinery Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Titan Machinery (NASDAQ:TITN)

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