A number of other equities analysts have also weighed in on the company. TheStreet raised Titan Machinery from a c+ rating to a b rating in a research note on Wednesday, February 13th. Zacks Investment Research raised Titan Machinery from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Wednesday, February 27th. ValuEngine lowered Titan Machinery from a buy rating to a hold rating in a research note on Monday, February 25th. Finally, Robert W. Baird lowered Titan Machinery from an outperform rating to a neutral rating and lowered their price objective for the stock from $26.00 to $18.00 in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $18.50.
NASDAQ TITN opened at $16.53 on Tuesday. The firm has a market cap of $360.93 million, a price-to-earnings ratio of 24.67 and a beta of 2.06. The company has a current ratio of 1.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.36. Titan Machinery has a fifty-two week low of $11.99 and a fifty-two week high of $20.85.
Several institutional investors have recently made changes to their positions in TITN. Public Employees Retirement System of Ohio lifted its stake in shares of Titan Machinery by 51.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,534 shares of the company’s stock valued at $33,000 after purchasing an additional 866 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Titan Machinery by 33.3% in the 4th quarter. Macquarie Group Ltd. now owns 3,199 shares of the company’s stock valued at $42,000 after purchasing an additional 800 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Titan Machinery in the 4th quarter valued at $48,000. Legal & General Group Plc lifted its stake in shares of Titan Machinery by 51.7% in the 4th quarter. Legal & General Group Plc now owns 4,110 shares of the company’s stock valued at $55,000 after purchasing an additional 1,400 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Titan Machinery by 108.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,143 shares of the company’s stock valued at $64,000 after purchasing an additional 2,151 shares during the last quarter. 79.06% of the stock is currently owned by institutional investors and hedge funds.
About Titan Machinery
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. 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.
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