Titan Machinery (NASDAQ:TITN) Raised to "Strong-Buy" at Baird R W

Titan Machinery (NASDAQ:TITN - Get Free Report) was upgraded by investment analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Robert W. Baird raised shares of Titan Machinery from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $14.00 to $25.00 in a report on Monday. 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 stock. According to MarketBeat.com, Titan Machinery has a consensus rating of "Hold" and a consensus target price of $19.20.

Titan Machinery Stock Down 0.6 %

Shares of NASDAQ:TITN traded down $0.11 during trading hours on Monday, reaching $18.72. The stock had a trading volume of 1,772,316 shares, compared to its average volume of 322,264. Titan Machinery has a 1 year low of $12.30 and a 1 year high of $28.29. The firm's 50 day moving average is $14.98 and its 200-day moving average is $14.78. The stock has a market capitalization of $432.99 million, a price-to-earnings ratio of 13.97 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. The company had revenue of $679.80 million for the quarter, compared to analysts' expectations of $675.30 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. Titan Machinery's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.32 earnings per share. Research analysts predict that Titan Machinery will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Titan Machinery

A number of hedge funds have recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of Titan Machinery during the fourth quarter worth about $26,000. Truvestments Capital LLC purchased a new position in shares of Titan Machinery in the 3rd quarter valued at approximately $41,000. US Bancorp DE grew its stake in shares of Titan Machinery by 116.2% in the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company's stock valued at $43,000 after purchasing an additional 1,677 shares during the last quarter. FMR LLC raised its stake 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 during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Titan Machinery during the third quarter worth approximately $105,000. 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.