Brokerages Set Titan Machinery Inc. (NASDAQ:TITN) Price Target at $16.80

Titan Machinery Inc. (NASDAQ:TITNGet Free Report) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $19.20.

Several equities analysts recently issued reports on the company. Robert W. Baird upgraded Titan Machinery from a “neutral” rating to an “outperform” rating and raised their price target for the company from $14.00 to $25.00 in a report on Monday. Baird R W raised shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday.

View Our Latest Stock Analysis on Titan Machinery

Titan Machinery Trading Up 0.1 %

TITN opened at $18.12 on Monday. Titan Machinery has a 1-year low of $12.30 and a 1-year high of $28.29. The stock has a market capitalization of $419.04 million, a PE ratio of 13.52 and a beta of 1.30. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $14.89 and a two-hundred day moving average price of $14.75.

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

Hedge Funds Weigh In On Titan Machinery

Several institutional investors have recently modified their holdings of TITN. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Titan Machinery by 16.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock valued at $8,133,000 after purchasing an additional 84,330 shares during the period. Dana Investment Advisors Inc. boosted its position 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 acquiring an additional 95,221 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its stake in shares of Titan Machinery by 28.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock worth $4,762,000 after acquiring an additional 75,710 shares in the last quarter. Sei Investments Co. grew its position in Titan Machinery by 6.9% in the second quarter. Sei Investments Co. now owns 306,624 shares of the company’s stock valued at $4,875,000 after purchasing an additional 19,660 shares in the last quarter. Finally, English Capital Management LLC increased its stake 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 buying an additional 128,073 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.

Further Reading

Analyst Recommendations for Titan Machinery (NASDAQ:TITN)

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