Titan Machinery (NASDAQ:TITN) Raised to Strong-Buy at Baird R W

Baird R W upgraded shares of Titan Machinery (NASDAQ:TITN) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

Separately, Robert W. Baird upgraded shares of Titan Machinery from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $14.00 to $25.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Titan Machinery has an average rating of “Hold” and a consensus target price of $19.20.

Titan Machinery Stock Up 10.4 %

Titan Machinery stock opened at $17.39 on Monday. Titan Machinery has a 12 month low of $12.30 and a 12 month high of $28.29. The stock has a fifty day simple moving average of $14.73 and a two-hundred day simple moving average of $14.72. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. The firm has a market cap of $402.23 million, a price-to-earnings ratio of 12.98 and a beta of 1.30.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $679.80 million during the quarter, compared to the consensus estimate of $675.30 million. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. Titan Machinery’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the company earned $1.32 EPS. Equities analysts predict that Titan Machinery will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Titan Machinery

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in Titan Machinery in the fourth quarter worth about $26,000. Truvestments Capital LLC purchased a new stake in Titan Machinery in the 3rd quarter worth approximately $41,000. US Bancorp DE raised its stake in Titan Machinery by 116.2% during the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company’s stock worth $43,000 after acquiring an additional 1,677 shares during the period. 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 worth $73,000 after acquiring an additional 3,092 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Titan Machinery during the third quarter valued at approximately $105,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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.