Titan America SA (NYSE:TTAM) Receives $17.07 Consensus Target Price from Analysts

Titan America SA (NYSE:TTAM) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.0714.

Separately, Wall Street Zen upgraded shares of Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th.

Titan America Trading Up 0.3%

Shares of TTAM stock opened at $16.09 on Friday. 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 $17.78. The company has a market cap of $2.97 billion and a PE ratio of 16.25. The stock’s fifty day moving average price is $15.23 and its two-hundred day moving average price is $14.65.

Titan America (NYSE:TTAM) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. Titan America had a return on equity of 19.80% and a net margin of 10.83%.The business had revenue of $436.85 million for the quarter, compared to analyst estimates of $439.30 million. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year.

Titan America Announces Dividend

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

Hedge Funds Weigh In On Titan America

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in shares of Titan America in the 2nd quarter valued at about $28,000. Ameritas Investment Partners Inc. bought a new position in shares of Titan America during the second quarter worth about $31,000. CWM LLC acquired a new position in shares of Titan America in the third quarter worth approximately $61,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Titan America in the second quarter worth approximately $65,000. Finally, New York State Common Retirement Fund bought a new stake in Titan America in the second quarter valued at approximately $96,000.

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.