Titan Machinery (NASDAQ:TITN) Given New $24.00 Price Target at Robert W. Baird

Titan Machinery (NASDAQ:TITN - Get Free Report) had its target price cut by equities researchers at Robert W. Baird from $25.00 to $24.00 in a report issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price objective points to a potential upside of 35.90% from the stock's current price.

Separately, Baird R W upgraded Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. One research 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 company has an average rating of "Hold" and a consensus price target of $19.00.

Titan Machinery Stock Performance

Shares of NASDAQ TITN traded up $0.61 during trading hours on Friday, hitting $17.66. 211,015 shares of the stock were exchanged, compared to its average volume of 252,198. The firm has a market capitalization of $408.41 million, a P/E ratio of 13.18 and a beta of 1.28. Titan Machinery has a one year low of $12.30 and a one year high of $24.89. 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's 50 day moving average is $16.70 and its 200 day moving average is $15.12.

Remove Ads

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Systematic Financial Management LP acquired a new stake in shares of Titan Machinery in the 3rd quarter valued at $483,000. ArrowMark Colorado Holdings LLC raised its holdings in Titan Machinery by 28.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company's stock worth $4,762,000 after purchasing an additional 75,710 shares during the last quarter. Barclays PLC lifted its position in Titan Machinery by 287.0% during the 3rd quarter. Barclays PLC now owns 31,872 shares of the company's stock valued at $444,000 after purchasing an additional 23,637 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Titan Machinery by 53.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 25,550 shares of the company's stock valued at $387,000 after purchasing an additional 8,942 shares during the last quarter. Finally, FMR LLC grew its position in shares of Titan Machinery by 142.5% during the 3rd quarter. FMR LLC now owns 5,262 shares of the company's stock worth $73,000 after buying an additional 3,092 shares during the period. 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.