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

Titan Machinery (NASDAQ:TITN) had its price target lowered by Robert W. Baird from $25.00 to $24.00 in a report released on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Separately, Baird R W raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.00.

Titan Machinery Trading Up 2.5 %

Titan Machinery stock opened at $17.05 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. Titan Machinery has a one year low of $12.30 and a one year high of $24.92. The stock has a market capitalization of $394.30 million, a PE ratio of 12.72 and a beta of 1.28. The business’s fifty day moving average is $16.70 and its 200 day moving average is $15.10.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, March 20th. The company reported ($1.88) EPS for the quarter, missing the consensus estimate of ($0.87) by ($1.01). Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The business had revenue of $759.90 million for the quarter, compared to analysts’ expectations of $728.55 million. During the same period last year, the business earned $1.05 earnings per share. The company’s quarterly revenue was down 10.8% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd bought a new position in shares of Titan Machinery in the fourth quarter worth about $26,000. Russell Investments Group Ltd. raised its stake in Titan Machinery by 51.2% during the 4th quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company’s stock valued at $37,000 after purchasing an additional 882 shares during the period. Truvestments Capital LLC bought a new stake in Titan Machinery during the 3rd quarter valued at approximately $41,000. US Bancorp DE raised its stake in Titan Machinery by 23.8% during the 4th quarter. US Bancorp DE now owns 3,861 shares of the company’s stock valued at $55,000 after purchasing an additional 741 shares during the period. Finally, FMR LLC raised its stake in Titan Machinery by 142.5% during the 3rd quarter. FMR LLC now owns 5,262 shares of the company’s stock valued at $73,000 after purchasing an additional 3,092 shares during the period. 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.