Titan America SA (NYSE:TTAM) Receives Consensus Rating of "Moderate Buy" from Brokerages

Titan America SA (NYSE:TTAM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $17.29.

Several analysts have recently commented on TTAM shares. Bank of America decreased their price target on shares of 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 Global Res upgraded Titan America to a "strong-buy" rating in a report on Wednesday, March 12th. Stifel Nicolaus lowered their price objective on shares of Titan America from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group lowered their target price on Titan America from $19.00 to $16.50 and set a "neutral" rating for the company in a report on Friday, March 28th. Finally, HSBC initiated coverage on shares of Titan America in a research note on Wednesday, March 12th. They set a "buy" rating and a $19.00 price target for the company.

Titan America Price Performance

NYSE TTAM traded down $0.08 during trading on Thursday, hitting $12.99. 64,212 shares of the company traded hands, compared to its average volume of 445,108. Titan America has a 12 month low of $10.80 and a 12 month high of $17.78. The business's fifty day simple moving average is $13.46.

Titan America (NYSE:TTAM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $389.82 million during the quarter, compared to the consensus estimate of $393.17 million.

Titan America Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, April 7th were given a dividend of $0.38 per share. The ex-dividend date was Friday, April 4th. This represents a dividend yield of 5.73%.

Institutional Investors Weigh In On Titan America

A hedge fund recently bought a new stake in Titan America stock. Cannon Global Investment Management LLC purchased a new stake in Titan America SA (NYSE:TTAM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,800 shares of the company's stock, valued at approximately $160,000.

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.