Titan Machinery Inc. (NASDAQ:TITN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Titan Machinery Inc. (NASDAQ:TITN) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.00.

A number of brokerages have commented on TITN. Robert W. Baird reduced their target price on shares of Titan Machinery from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Friday. Baird R W raised shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TITN. R Squared Ltd acquired a new position in shares of Titan Machinery during the 4th quarter valued at about $26,000. Russell Investments Group Ltd. increased its stake in Titan Machinery by 51.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company’s stock valued at $37,000 after purchasing an additional 882 shares during the last quarter. Truvestments Capital LLC acquired a new position in Titan Machinery in the third quarter valued at $41,000. US Bancorp DE grew its stake in Titan Machinery by 116.2% during the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company’s stock worth $43,000 after buying an additional 1,677 shares during the last quarter. Finally, FMR LLC grew its position in shares of Titan Machinery by 142.5% during the third quarter. FMR LLC now owns 5,262 shares of the company’s stock worth $73,000 after acquiring an additional 3,092 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Price Performance

Shares of TITN stock opened at $17.05 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. The company’s 50-day simple moving average is $16.70 and its two-hundred day simple moving average is $15.11. The company has a market capitalization of $394.30 million, a P/E ratio of 12.72 and a beta of 1.28. Titan Machinery has a one year low of $12.30 and a one year high of $24.89.

About Titan Machinery

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.