Titan Machinery Inc. (NASDAQ:TITN) Receives $19.20 Average Target Price from Brokerages

Shares of Titan Machinery Inc. (NASDAQ:TITN) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.20.

A number of research firms recently commented on TITN. 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. Robert W. Baird raised shares of Titan Machinery from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $14.00 to $25.00 in a research report on Monday, January 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TITN. R Squared Ltd acquired a new stake in shares of Titan Machinery in the 4th quarter worth $26,000. Russell Investments Group Ltd. lifted its stake in shares of Titan Machinery by 51.2% in the 4th quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company’s stock worth $37,000 after acquiring an additional 882 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Titan Machinery in the 3rd quarter worth $41,000. US Bancorp DE lifted its stake in shares of Titan Machinery by 116.2% in the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company’s stock worth $43,000 after acquiring an additional 1,677 shares during the period. Finally, FMR LLC lifted its stake in shares of Titan Machinery by 142.5% in the 3rd 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 period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Trading Up 12.9 %

NASDAQ TITN opened at $16.63 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 firm’s fifty day moving average price is $16.63 and its 200 day moving average price is $15.09. The company has a market capitalization of $384.59 million, a price-to-earnings ratio of 12.41 and a beta of 1.28. Titan Machinery has a 12 month low of $12.30 and a 12 month high of $26.15.

Titan Machinery Company Profile

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.