Titan America's (TTAM) Hold Rating Reaffirmed at Stifel Nicolaus

Key Points

• Titan America received a "hold" rating from Stifel Nicolaus, with a revised price target of $15.00, down from $17.00, indicating a potential upside of 4.82%.
• Bank of America has reissued an "underperform" rating with a price objective of $14.00, while overall consensus ratings include one sell, four holds, three buys, and one strong buy.
• The company reported quarterly earnings of $0.19 EPS, exceeding estimates, but experienced a 1.9% decline in year-over-year revenue, totaling $392.44 million.

Titan America (NYSE:TTAM - Get Free Report)'s stock had its "hold" rating reaffirmed by Stifel Nicolaus in a research note issued on Monday, Marketbeat reports. They presently have a $15.00 target price on the stock, down from their prior target price of $17.00. Stifel Nicolaus' price target suggests a potential upside of 4.24% from the company's current price.

Separately, Bank of America reiterated an "underperform" rating and set a $14.00 price objective on shares of Titan America in a research note on Thursday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $17.07.

Titan America Stock Up 1.9%

Titan America stock traded up $0.27 during trading on Monday, reaching $14.39. 229,859 shares of the company's stock were exchanged, compared to its average volume of 448,015. The business's 50-day simple moving average is $13.64. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.45. Titan America has a 52-week low of $10.80 and a 52-week high of $17.78.

Titan America (NYSE:TTAM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The business had revenue of $429.24 million for the quarter, compared to the consensus estimate of $436.95 million. Titan America's revenue was down .9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in Titan America during the first quarter worth approximately $135,000. Cannon Global Investment Management LLC bought a new stake in Titan America during the first quarter worth approximately $160,000. Venator Management LLC acquired a new position in Titan America in the 1st quarter worth approximately $773,000. Seven Grand Managers LLC acquired a new position in Titan America in the 1st quarter worth approximately $946,000. Finally, Eisler Capital Management Ltd. acquired a new position in Titan America in the 1st quarter worth approximately $1,011,000.

Titan America Company Profile

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.