Titan Machinery (NASDAQ:TITN) Upgraded at Robert W. Baird

Titan Machinery (NASDAQ:TITN) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat reports. The firm presently has a $25.00 target price on the stock, up from their prior target price of $14.00. Robert W. Baird’s target price suggests a potential upside of 58.73% from the company’s current price.

Titan Machinery Price Performance

Shares of NASDAQ:TITN opened at $15.75 on Monday. The firm has a market capitalization of $364.30 million, a PE ratio of 11.75 and a beta of 1.30. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. Titan Machinery has a twelve month low of $12.30 and a twelve month high of $28.29. The company has a 50-day moving average price of $14.66 and a two-hundred day moving average price of $14.71.

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

Hedge Funds Weigh In On Titan Machinery

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC lifted its stake in Titan Machinery by 16.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock worth $8,133,000 after purchasing an additional 84,330 shares during the last quarter. Dana Investment Advisors Inc. lifted its stake in shares of Titan Machinery by 32.9% in the 2nd quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock valued at $6,114,000 after acquiring an additional 95,221 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Titan Machinery by 28.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock valued at $4,762,000 after acquiring an additional 75,710 shares during the period. Sei Investments Co. grew its position in Titan Machinery by 6.9% during the 2nd quarter. Sei Investments Co. now owns 306,624 shares of the company’s stock worth $4,875,000 after acquiring an additional 19,660 shares during the last quarter. Finally, English Capital Management LLC increased its stake in Titan Machinery by 84.9% in the 3rd quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock worth $3,884,000 after purchasing an additional 128,073 shares during the period. Institutional investors own 78.38% of the company’s stock.

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.