Shares of Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.04 and traded as high as $17.42. Titan Machinery shares last traded at $15.66, with a volume of 237,084 shares.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on TITN. Robert W. Baird upgraded Titan Machinery from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $14.00 to $25.00 in a report on Monday, January 27th. Baird R W upgraded Titan Machinery from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Titan Machinery currently has a consensus rating of "Hold" and a consensus price target of $19.20.
Read Our Latest Research Report on TITN
Titan Machinery Price Performance
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 firm has a market capitalization of $358.22 million, a P/E ratio of 11.61 and a beta of 1.31. The business's fifty day moving average is $16.46 and its 200 day moving average is $15.05.
Hedge Funds Weigh In On Titan Machinery
A number of large investors have recently made changes to their positions in TITN. US Bancorp DE raised its holdings in shares of Titan Machinery by 116.2% during 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 in the last quarter. English Capital Management LLC increased its stake 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 bought a new position in shares of Titan Machinery during the 3rd quarter valued at $41,000. FMR LLC boosted its holdings in Titan Machinery by 142.5% in 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. Finally, BNP Paribas Financial Markets increased its position in Titan Machinery by 21.2% during the third quarter. BNP Paribas Financial Markets now owns 78,510 shares of the company's stock worth $1,094,000 after buying an additional 13,757 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.
About Titan Machinery
(
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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.
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