Titan America SA (NYSE:TTAM) Receives $17.29 Average PT from Analysts

Shares of Titan America SA (NYSE:TTAM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the company, MarketBeat.com reports. Four 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 price target among brokerages that have updated their coverage on the stock in the last year is $17.29.

Several analysts have issued reports on TTAM shares. Stifel Nicolaus reduced their price target on shares of Titan America from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Bank of America reduced their price target on shares of Titan America from $16.50 to $15.50 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, The Goldman Sachs Group reduced their price target on shares of Titan America from $19.00 to $16.50 and set a "neutral" rating on the stock in a report on Friday, March 28th.

Institutional Investors Weigh In On Titan America

A number of large investors have recently added to or reduced their stakes in TTAM. PNC Financial Services Group Inc. acquired a new position in Titan America in the first quarter worth $135,000. Cannon Global Investment Management LLC acquired a new position in shares of Titan America in the 1st quarter valued at about $160,000. Venator Management LLC acquired a new position in shares of Titan America in the 1st quarter valued at about $773,000. Seven Grand Managers LLC acquired a new position in shares of Titan America in the 1st quarter valued at about $946,000. Finally, Eisler Capital Management Ltd. acquired a new position in shares of Titan America in the 1st quarter valued at about $1,011,000.

Titan America Trading Up 0.5%

TTAM traded up $0.07 on Tuesday, hitting $14.08. 614,447 shares of the company were exchanged, compared to its average volume of 394,637. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average price of $13.56. Titan America has a fifty-two week low of $10.80 and a fifty-two week high of $17.78.

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

Titan America Announces Dividend

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

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.