Titan Machinery Inc. (NASDAQ:TITN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Titan Machinery Inc. (NASDAQ:TITN) has received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.20.

A number of analysts have issued reports on TITN shares. Robert W. Baird upgraded shares of Titan Machinery from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $14.00 to $25.00 in a research note on Monday, January 27th. Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th.

Titan Machinery Trading Down 1.1 %

Shares of NASDAQ TITN opened at $14.33 on Tuesday. The stock has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $15.09. Titan Machinery has a twelve month low of $12.30 and a twelve month high of $27.13. 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 stock has a market capitalization of $331.40 million, a PE ratio of 10.69 and a beta of 1.28.

Institutional Trading of Titan Machinery

A number of large investors have recently made changes to their positions in TITN. US Bancorp DE lifted its stake in Titan Machinery by 116.2% in the third 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 last quarter. English Capital Management LLC lifted its position in shares of Titan Machinery by 84.9% during the 3rd quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock worth $3,884,000 after purchasing an additional 128,073 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Titan Machinery during the third quarter worth $41,000. FMR LLC increased its holdings in Titan Machinery by 142.5% in the third quarter. FMR LLC now owns 5,262 shares of the company’s stock valued at $73,000 after buying an additional 3,092 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Titan Machinery by 21.2% in the third quarter. BNP Paribas Financial Markets now owns 78,510 shares of the company’s stock valued at $1,094,000 after buying an additional 13,757 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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.