Titan America SA (NYSE:TTAM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Titan America SA (NYSE:TTAM) have been given an average rating of “Moderate Buy” by the nine analysts that are currently 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 given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.43.

Several equities research analysts recently commented on the stock. Citigroup assumed coverage on shares of Titan America in a research report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 price target for the company. Jefferies Financial Group initiated coverage on Titan America in a report on Wednesday, March 5th. They issued a “buy” rating and a $19.00 target price for the company. Hsbc Global Res raised Titan America to a “strong-buy” rating in a research report on Wednesday, March 12th. BNP Paribas upgraded Titan America to a “hold” rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus dropped their target price on Titan America from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Friday.

Titan America Price Performance

Shares of NYSE:TTAM opened at $13.16 on Friday. Titan America has a one year low of $12.61 and a one year high of $17.78.

Titan America (NYSE:TTAM) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $389.82 million during the quarter, compared to analyst estimates of $393.17 million.

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.