Titan Machinery (NASDAQ:TITN) Upgraded by Robert W. Baird to Outperform Rating

Robert W. Baird upgraded shares of Titan Machinery (NASDAQ:TITNFree Report) from a neutral rating to an outperform rating in a report published on Monday, Marketbeat Ratings reports. The brokerage currently has $25.00 price target on the stock, up from their previous price target of $14.00.

Titan Machinery Stock Performance

TITN stock opened at $17.39 on Monday. The business’s fifty day moving average is $14.73 and its 200-day moving average is $14.72. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The company has a market cap of $402.23 million, a P/E ratio of 12.98 and a beta of 1.30. Titan Machinery has a twelve month low of $12.30 and a twelve month high of $28.29.

Titan Machinery (NASDAQ:TITNGet Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, beating 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%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.32 EPS. Equities research analysts forecast that Titan Machinery will post 0.05 EPS for the current year.

Institutional Trading of Titan Machinery

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Titan Machinery during the 4th quarter worth $26,000. Canada Pension Plan Investment Board acquired a new stake in Titan Machinery during the 2nd quarter worth $37,000. Truvestments Capital LLC acquired a new stake in Titan Machinery during the 3rd quarter worth $41,000. US Bancorp DE raised 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 period. Finally, FMR LLC raised its stake in Titan Machinery by 142.5% during the 3rd quarter. FMR LLC now owns 5,262 shares of the company’s stock worth $73,000 after buying an additional 3,092 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

About Titan Machinery

(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.

Read More

Analyst Recommendations for Titan Machinery (NASDAQ:TITN)

Receive News & Ratings for Titan Machinery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan Machinery and related companies with MarketBeat.com's FREE daily email newsletter.