Brokerages Set Titan America SA (NYSE:TTAM) PT at $17.29

Shares of Titan America SA (NYSE:TTAM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.29.

A number of research firms have recently commented on TTAM. HSBC assumed coverage on Titan America in a research note on Wednesday, March 12th. They issued a "buy" rating and a $19.00 price objective on the stock. Bank of America cut their target price on shares of Titan America from $16.50 to $15.50 and set a "neutral" rating for the company in a research note on Thursday, March 27th. The Goldman Sachs Group cut their target price on shares of Titan America from $19.00 to $16.50 and set a "neutral" rating for the company in a research note on Friday, March 28th. Stifel Nicolaus dropped 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. Finally, Hsbc Global Res raised shares of Titan America to a "strong-buy" rating in a report on Wednesday, March 12th.

Titan America Trading Up 3.6%

Titan America stock traded up $0.48 during mid-day trading on Tuesday, hitting $13.82. 205,350 shares of the company's stock were exchanged, compared to its average volume of 392,878. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.30 and a quick ratio of 1.36. Titan America has a 1-year low of $10.80 and a 1-year high of $17.78. The business has a 50 day moving average price of $13.53.

Titan America (NYSE:TTAM - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $392.44 million for the quarter, compared to analyst estimates of $391.96 million. Titan America's revenue for the quarter was down 1.9% compared to the same quarter last year.

Titan America Announces Dividend

The company also recently declared a -- dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, June 4th.

Hedge Funds Weigh In On Titan America

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. bought a new stake in Titan America during the 1st quarter worth about $67,597,000. Victory Capital Management Inc. acquired a new stake in shares of Titan America during the 1st quarter worth approximately $42,625,000. Alliancebernstein L.P. acquired a new stake in shares of Titan America during the 1st quarter worth approximately $33,017,000. Zimmer Partners LP bought a new position in Titan America in the 1st quarter valued at approximately $30,799,000. Finally, Voss Capital LP bought a new position in Titan America in the 1st quarter valued at approximately $10,641,000.

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.