Analysts Set Titan America SA (NYSE:TTAM) Price Target at $17.36

Titan America SA (NYSE:TTAM) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.3571.

TTAM has been the topic of several recent research reports. Jefferies Financial Group raised their price target on shares of Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Citigroup raised their price objective on Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Wall Street Zen upgraded shares of Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Finally, Sanford C. Bernstein raised their price target on shares of Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, December 19th.

Titan America Stock Up 1.9%

TTAM stock opened at $18.59 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.87 and a current ratio of 2.95. Titan America has a fifty-two week low of $10.80 and a fifty-two week high of $19.42. The stock’s 50 day simple moving average is $17.37 and its 200 day simple moving average is $16.00. The company has a market cap of $3.43 billion and a P/E ratio of 18.78.

Titan America Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, December 29th. Stockholders of record on Wednesday, December 17th were paid a $0.04 dividend. The ex-dividend date was Wednesday, December 17th. Titan America’s payout ratio is presently 16.16%.

Institutional Trading of Titan America

A number of institutional investors and hedge funds have recently modified their holdings of TTAM. Caitong International Asset Management Co. Ltd boosted its position in Titan America by 633.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company’s stock worth $36,000 after purchasing an additional 1,874 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Titan America during the 2nd quarter worth $28,000. Ameritas Investment Partners Inc. purchased a new position in shares of Titan America in the 2nd quarter worth about $31,000. CWM LLC bought a new position in Titan America during the third quarter valued at about $61,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in Titan America during the second quarter worth about $65,000.

About Titan America

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).