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

Titan Machinery (NASDAQ:TITN) had its target price lowered by Robert W. Baird from $25.00 to $24.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 44.32% from the company’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 given 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 presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Titan Machinery Price Performance

TITN opened at $16.63 on Friday. The stock has a fifty day moving average price of $16.63 and a 200 day moving average price of $15.09. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. Titan Machinery has a 1 year low of $12.30 and a 1 year high of $26.15. The stock has a market cap of $384.59 million, a price-to-earnings ratio of 12.41 and a beta of 1.28.

Institutional Trading of Titan Machinery

Large investors have recently made changes to their positions in the stock. Voss Capital LP boosted its position in Titan Machinery by 141.7% during the fourth quarter. Voss Capital LP now owns 684,459 shares of the company’s stock worth $9,671,000 after purchasing an additional 401,302 shares during the period. First Eagle Investment Management LLC boosted its stake in Titan Machinery by 42.4% during the 4th quarter. First Eagle Investment Management LLC now owns 634,509 shares of the company’s stock valued at $8,966,000 after purchasing an additional 188,998 shares during the period. English Capital Management LLC grew its holdings in Titan Machinery by 84.9% in the 3rd quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock valued at $3,884,000 after buying an additional 128,073 shares during the last quarter. CenterBook Partners LP bought a new position in Titan Machinery in the 4th quarter worth approximately $1,438,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Titan Machinery by 16.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock worth $8,133,000 after buying an additional 84,330 shares during the last quarter. 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.