Titan America SA (NYSE:TTAM) Receives $17.29 Consensus Price Target from Brokerages

Shares of Titan America SA (NYSE:TTAMGet 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

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in shares of Titan America during the 1st quarter valued at $135,000. Cannon Global Investment Management LLC bought a new position in Titan America in the 1st quarter worth $160,000. Venator Management LLC bought a new position in Titan America in the 1st quarter worth $773,000. Seven Grand Managers LLC bought a new position in Titan America in the 1st quarter worth $946,000. Finally, Eisler Capital Management Ltd. bought a new position in Titan America in the 1st quarter worth $1,011,000.

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:TTAMGet 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

(Get Free Report

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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Analyst Recommendations for Titan America (NYSE:TTAM)

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