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Titan Machinery (TITN) Receives a Hold from Robert W. Baird

In a report issued on March 9, Mircea Dobre from Robert W. Baird maintained a Hold rating on Titan Machinery (TITNResearch Report), with a price target of $41.00. The company’s shares closed last Monday at $27.90.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 15.0% and a 50.3% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Lincoln Electric Holdings, and John Bean Technologies.

Currently, the analyst consensus on Titan Machinery is a Hold with an average price target of $41.00.

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Titan Machinery’s market cap is currently $628M and has a P/E ratio of 14.13.

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Titan Machinery, Inc. engages in the management of agricultural and construction equipment stores. It operates through the following segments: Agriculture, Construction, and International. The Agriculture segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from large-scale farming to home and garden use in North America. The Construction segment focuses on machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery. The International segment deals with the customers in Eastern Europe. The company was founded by David Joseph Meyer in 1980 and is headquartered in West Fargo, ND.

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