Robert W. Baird Cuts Titan Machinery (NASDAQ:TITN) Price Target to $24.00

Titan Machinery (NASDAQ:TITN) had its price target cut by Robert W. Baird from $25.00 to $24.00 in a research note released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Titan Machinery has an average rating of “Hold” and an average target price of $19.00.

Titan Machinery Stock Up 2.5 %

Shares of TITN stock opened at $17.05 on Friday. The stock’s 50 day simple moving average is $16.70 and its 200 day simple moving average is $15.12. Titan Machinery has a twelve month low of $12.30 and a twelve month high of $24.89. 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 company has a market capitalization of $394.30 million, a price-to-earnings ratio of 12.72 and a beta of 1.28.

Hedge Funds Weigh In On Titan Machinery

A number of institutional investors and hedge funds have recently bought and sold shares of TITN. Voss Capital LP increased its holdings in shares of Titan Machinery by 141.7% during the 4th quarter. Voss Capital LP now owns 684,459 shares of the company’s stock worth $9,671,000 after purchasing an additional 401,302 shares during the period. First Eagle Investment Management LLC increased its stake in Titan Machinery by 42.4% during the fourth quarter. First Eagle Investment Management LLC now owns 634,509 shares of the company’s stock valued at $8,966,000 after acquiring an additional 188,998 shares during the period. English Capital Management LLC raised its holdings in Titan Machinery by 84.9% in the 3rd quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock valued at $3,884,000 after acquiring an additional 128,073 shares in the last quarter. CenterBook Partners LP bought a new stake in shares of Titan Machinery in the 4th quarter worth approximately $1,438,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Titan Machinery by 16.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock worth $8,133,000 after purchasing an additional 84,330 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

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.