Titan Machinery Inc. (NASDAQ:TITN) Given Consensus Rating of “Buy” by Analysts

Titan Machinery Inc. (NASDAQ:TITN) has received a consensus rating of “Buy” from the seven analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.80.

A number of research analysts have recently issued reports on TITN shares. B. Riley began coverage on Titan Machinery in a research note on Thursday, March 27th. They set a “neutral” rating and a $19.00 price objective on the stock. Northland Capmk raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Robert W. Baird dropped their price target on shares of Titan Machinery from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Finally, Northland Securities upgraded shares of Titan Machinery from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research report on Friday, April 11th.

Titan Machinery Stock Up 2.2 %

Shares of NASDAQ TITN opened at $16.34 on Friday. The stock has a market capitalization of $377.85 million, a P/E ratio of 12.19 and a beta of 1.27. The firm’s 50 day simple moving average is $16.34 and its two-hundred day simple moving average is $15.49. Titan Machinery has a one year low of $12.30 and a one year high of $24.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15.

Insider Activity at Titan Machinery

In other Titan Machinery news, Chairman David Joseph Meyer purchased 22,524 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average cost of $16.83 per share, for a total transaction of $379,078.92. Following the purchase, the chairman now directly owns 135,388 shares in the company, valued at $2,278,580.04. The trade was a 19.96 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 26,182 shares of company stock worth $439,661 over the last 90 days. 10.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Titan Machinery

A number of institutional investors and hedge funds have recently made changes to their positions in TITN. American Century Companies Inc. increased its holdings in shares of Titan Machinery by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,229,637 shares of the company’s stock valued at $17,375,000 after acquiring an additional 5,938 shares in the last quarter. Vanguard Group Inc. raised its stake in Titan Machinery by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,193,202 shares of the company’s stock valued at $16,860,000 after buying an additional 4,955 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in Titan Machinery by 2.0% in the fourth quarter. William Blair Investment Management LLC now owns 920,090 shares of the company’s stock valued at $13,001,000 after acquiring an additional 17,689 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Titan Machinery by 5.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 868,401 shares of the company’s stock valued at $12,270,000 after buying an additional 48,445 shares during the period. Finally, Voss Capital LP increased its stake in shares of Titan Machinery by 141.7% in the 4th 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 in 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.