Shares of Titan America SA (NYSE:TTAM – Get Free Report) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.29.
TTAM has been the topic of several recent analyst reports. BNP Paribas upgraded Titan America to a “hold” rating in a research note on Tuesday, March 4th. Jefferies Financial Group initiated coverage on Titan America in a research note on Wednesday, March 5th. They set a “buy” rating and a $19.00 target price on the stock. Bank of America cut their target price on Titan America from $16.50 to $15.50 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. HSBC initiated coverage on Titan America in a research note on Wednesday, March 12th. They set a “buy” rating and a $19.00 target price on the stock. Finally, Stifel Nicolaus cut their target price on Titan America from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, April 21st.
Check Out Our Latest Research Report on TTAM
Hedge Funds Weigh In On Titan America
Titan America Trading Down 4.8%
Titan America stock opened at $12.67 on Friday. The stock has a 50 day moving average of $13.36. Titan America has a twelve month low of $10.80 and a twelve month high of $17.78.
Titan America (NYSE:TTAM – Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $392.44 million for the quarter, compared to analysts’ expectations of $391.96 million. The company’s revenue for the quarter was down 1.9% on a year-over-year basis.
Titan America Announces Dividend
The company also recently declared a — dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, June 4th.
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.
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