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

Shares of Titan Machinery Inc. (NASDAQ:TITN) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $19.00.

TITN has been the topic of a number of research analyst reports. Baird R W upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Robert W. Baird dropped their target price on shares of Titan Machinery from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday.

Hedge Funds Weigh In On Titan Machinery

Several institutional investors and hedge funds have recently bought and sold shares of TITN. Squarepoint Ops LLC lifted its holdings in Titan Machinery by 28.9% during the fourth quarter. Squarepoint Ops LLC now owns 38,697 shares of the company’s stock valued at $547,000 after purchasing an additional 8,678 shares in the last quarter. Millennium Management LLC raised its holdings in Titan Machinery by 12.4% during the fourth quarter. Millennium Management LLC now owns 38,689 shares of the company’s stock valued at $547,000 after acquiring an additional 4,266 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Titan Machinery by 5.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 868,401 shares of the company’s stock valued at $12,270,000 after acquiring an additional 48,445 shares in the last quarter. Granahan Investment Management LLC bought a new position in shares of Titan Machinery in the fourth quarter worth about $195,000. Finally, Focus Partners Wealth raised its stake in Titan Machinery by 16.7% during the 4th quarter. Focus Partners Wealth now owns 70,000 shares of the company’s stock valued at $989,000 after purchasing an additional 10,000 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Titan Machinery Stock Performance

NASDAQ TITN opened at $17.77 on Tuesday. The firm has a market cap of $410.95 million, a price-to-earnings ratio of 13.26 and a beta of 1.28. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $24.89. The company has a 50-day simple moving average of $16.77 and a two-hundred day simple moving average of $15.15. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20.

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.