Robert W. Baird Issues Pessimistic Forecast for Titan Machinery (NASDAQ:TITN) Stock Price

Titan Machinery (NASDAQ:TITN) had its price objective lowered by Robert W. Baird from $25.00 to $24.00 in a research report report published on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Separately, Baird R W raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.00.

Titan Machinery Price Performance

Shares of Titan Machinery stock opened at $17.05 on Friday. The stock has a market capitalization of $394.30 million, a price-to-earnings ratio of 12.72 and a beta of 1.28. The firm’s 50-day moving average price is $16.70 and its two-hundred day moving average price is $15.12. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. Titan Machinery has a 1-year low of $12.30 and a 1-year high of $24.89.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE boosted its position in Titan Machinery by 23.8% in the 4th quarter. US Bancorp DE now owns 3,861 shares of the company’s stock valued at $55,000 after buying an additional 741 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings 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 acquiring an additional 882 shares during the last quarter. Empowered Funds LLC boosted its holdings in Titan Machinery by 5.1% in the fourth quarter. Empowered Funds LLC now owns 20,000 shares of the company’s stock valued at $283,000 after acquiring an additional 962 shares during the last quarter. Bridgeway Capital Management LLC increased its position in Titan Machinery by 5.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 20,000 shares of the company’s stock worth $283,000 after purchasing an additional 962 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Titan Machinery by 8.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,655 shares of the company’s stock worth $208,000 after purchasing an additional 1,197 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

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.