Analysts Set Titan Machinery Inc. (NASDAQ:TITN) Price Target at $21.50

Shares of Titan Machinery Inc. (NASDAQ:TITN) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $21.50.

A number of research firms have weighed in on TITN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Titan Machinery in a report on Thursday, January 22nd. Robert W. Baird reaffirmed a “neutral” rating and set a $21.00 price objective (down from $24.00) on shares of Titan Machinery in a research note on Monday, December 1st. Finally, Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th.

Titan Machinery Trading Down 4.2%

Shares of TITN stock opened at $18.95 on Tuesday. The stock has a market capitalization of $442.86 million, a price-to-earnings ratio of -6.97 and a beta of 1.23. The company’s fifty day simple moving average is $17.47 and its two-hundred day simple moving average is $17.34. Titan Machinery has a 1 year low of $12.50 and a 1 year high of $23.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.24.

Hedge Funds Weigh In On Titan Machinery

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP raised its holdings in shares of Titan Machinery by 189.8% in the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock valued at $26,000 after acquiring an additional 1,006 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Titan Machinery in the third quarter worth approximately $32,000. Tower Research Capital LLC TRC raised its stake in Titan Machinery by 352.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock valued at $52,000 after purchasing an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Titan Machinery by 94.3% in the third quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock valued at $67,000 after purchasing an additional 1,957 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Titan Machinery during the fourth quarter valued at approximately $101,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

About Titan Machinery

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.