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

Shares of Titan Machinery Inc. (NASDAQ:TITN) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings 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 target price among brokers that have issued a report on the stock in the last year is $19.20.

Several equities research analysts recently commented on TITN shares. 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. Robert W. Baird raised Titan Machinery from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $14.00 to $25.00 in a report on Monday, January 27th.

Titan Machinery Stock Down 1.1 %

TITN stock opened at $14.33 on Tuesday. The stock has a market cap of $331.40 million, a P/E ratio of 10.69 and a beta of 1.28. 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 twelve month low of $12.30 and a twelve month high of $27.13. The company’s 50 day moving average is $16.57 and its two-hundred day moving average is $15.09.

Hedge Funds Weigh In On Titan Machinery

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in Titan Machinery by 0.5% during the 4th quarter. American Century Companies Inc. now owns 1,229,637 shares of the company’s stock valued at $17,375,000 after acquiring an additional 5,938 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Titan Machinery by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,193,202 shares of the company’s stock worth $16,860,000 after purchasing an additional 4,955 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Titan Machinery by 2.0% during the fourth quarter. William Blair Investment Management LLC now owns 920,090 shares of the company’s stock worth $13,001,000 after purchasing an additional 17,689 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Titan Machinery by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 868,401 shares of the company’s stock valued at $12,270,000 after buying an additional 48,445 shares during the last quarter. Finally, Voss Capital LP increased its stake in Titan Machinery by 141.7% in the 4th quarter. Voss Capital LP now owns 684,459 shares of the company’s stock valued at $9,671,000 after buying an additional 401,302 shares during the period. Hedge funds and other 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.