Titan Machinery (NASDAQ:TITN)‘s stock had its “outperform” rating restated by stock analysts at Robert W. Baird in a research report issued on Friday, The Fly reports. They presently have a $25.00 price objective on the stock, up from their prior price objective of $18.00. Robert W. Baird’s price target indicates a potential upside of 15.90% from the company’s previous close.
TITN has been the subject of a number of other reports. Zacks Investment Research upgraded Titan Machinery from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered Titan Machinery from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub lowered Titan Machinery from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Piper Jaffray Companies set a $18.00 target price on Titan Machinery and gave the company a “hold” rating in a research note on Friday, August 4th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.33.
Titan Machinery (TITN) traded up $2.57 on Friday, hitting $21.57. The stock had a trading volume of 1,012,389 shares, compared to its average volume of 132,911. Titan Machinery has a 12 month low of $11.68 and a 12 month high of $21.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.74 and a quick ratio of 0.37.
In other news, Director Stan K. Erickson bought 8,302 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was acquired at an average cost of $12.50 per share, for a total transaction of $103,775.00. Following the completion of the purchase, the director now owns 13,495 shares of the company’s stock, valued at approximately $168,687.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.08% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in Titan Machinery during the third quarter worth $155,000. American International Group Inc. raised its stake in Titan Machinery by 7.2% during the first quarter. American International Group Inc. now owns 10,919 shares of the company’s stock worth $167,000 after acquiring an additional 729 shares in the last quarter. Numeric Investors LLC acquired a new position in Titan Machinery during the second quarter worth $191,000. Voya Investment Management LLC raised its stake in Titan Machinery by 14.2% during the second quarter. Voya Investment Management LLC now owns 11,520 shares of the company’s stock worth $207,000 after acquiring an additional 1,429 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in Titan Machinery during the third quarter worth $211,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.
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Titan Machinery Company Profile
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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