Brokerages Set Titan Machinery Inc. (NASDAQ:TITN) PT at $19.20

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

TITN has been the topic of several recent research 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 decreased their price target on Titan Machinery from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday.

Institutional Trading of Titan Machinery

A number of hedge funds have recently added to or reduced their stakes in TITN. Voss Capital LP boosted its position in Titan Machinery by 141.7% during the 4th quarter. Voss Capital LP now owns 684,459 shares of the company’s stock valued at $9,671,000 after acquiring an additional 401,302 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Titan Machinery by 42.4% in the fourth quarter. First Eagle Investment Management LLC now owns 634,509 shares of the company’s stock worth $8,966,000 after purchasing an additional 188,998 shares in the last quarter. English Capital Management LLC boosted its holdings in shares of 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 in the last quarter. CenterBook Partners LP purchased a new position in shares of Titan Machinery in the 4th quarter worth approximately $1,438,000. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Titan Machinery by 16.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock worth $8,133,000 after acquiring an additional 84,330 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Stock Up 4.2 %

Shares of TITN opened at $17.77 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. The stock has a market capitalization of $410.95 million, a price-to-earnings ratio of 13.26 and a beta of 1.28. Titan Machinery has a 1 year low of $12.30 and a 1 year high of $24.89. The business’s 50 day simple moving average is $16.77 and its 200-day simple moving average is $15.15.

About Titan Machinery

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.