Robert W. Baird Has Lowered Expectations for Titan Machinery (NASDAQ:TITN) Stock Price

Titan Machinery (NASDAQ:TITN) had its price objective cut by stock analysts at Robert W. Baird from $25.00 to $24.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 44.32% from the stock’s previous close.

Separately, Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Titan Machinery has a consensus rating of “Hold” and a consensus price target of $19.00.

Titan Machinery Price Performance

Titan Machinery stock opened at $16.63 on Friday. The business has a 50 day simple moving average of $16.63 and a 200 day simple moving average of $15.09. 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 company has a market capitalization of $384.59 million, a PE ratio of 12.41 and a beta of 1.28. Titan Machinery has a one year low of $12.30 and a one year high of $26.15.

Hedge Funds Weigh In On Titan Machinery

Institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Titan Machinery in the fourth quarter valued at $26,000. Russell Investments Group Ltd. grew its holdings in Titan Machinery by 51.2% during 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 last quarter. Truvestments Capital LLC acquired a new stake in Titan Machinery in the 3rd quarter valued at about $41,000. US Bancorp DE raised its stake in shares of Titan Machinery by 23.8% in the fourth quarter. US Bancorp DE now owns 3,861 shares of the company’s stock worth $55,000 after acquiring an additional 741 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Titan Machinery by 142.5% during the third quarter. FMR LLC now owns 5,262 shares of the company’s stock worth $73,000 after purchasing an additional 3,092 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

About Titan Machinery

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.