Titan Machinery (NASDAQ:TITN) Upgraded by Baird R W to Strong-Buy Rating

Titan Machinery (NASDAQ:TITN) was upgraded by stock analysts at Baird R W 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 raised their target price for the stock from $14.00 to $25.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.20.

Titan Machinery Price Performance

Shares of NASDAQ TITN opened at $18.11 on Monday. 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 company’s 50-day moving average price is $14.81 and its 200 day moving average price is $14.73. Titan Machinery has a 52 week low of $12.30 and a 52 week high of $28.29. The stock has a market cap of $418.88 million, a price-to-earnings ratio of 13.52 and a beta of 1.30.

Titan Machinery (NASDAQ:TITN) last posted its earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. The firm had revenue of $679.80 million for the quarter, compared to analyst estimates of $675.30 million. During the same quarter in the prior year, the company earned $1.32 EPS. Titan Machinery’s revenue was down 2.1% on a year-over-year basis. As a group, research analysts forecast that Titan Machinery will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Titan Machinery

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC raised its position 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 valued at $8,133,000 after acquiring an additional 84,330 shares in the last quarter. Dana Investment Advisors Inc. raised its holdings in shares of Titan Machinery by 32.9% during the second quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after purchasing an additional 95,221 shares during the period. ArrowMark Colorado Holdings LLC lifted its position in shares of Titan Machinery by 28.4% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock worth $4,762,000 after buying an additional 75,710 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Titan Machinery by 6.9% in the 2nd quarter. Sei Investments Co. now owns 306,624 shares of the company’s stock valued at $4,875,000 after buying an additional 19,660 shares during the period. Finally, English Capital Management LLC grew its position in shares of Titan Machinery by 84.9% during 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. 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.