Titan America SA (NYSE:TTAM) Receives $17.29 Average Price Target from Brokerages

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

TTAM has been the subject of several recent research reports. BNP Paribas raised Titan America to a "hold" rating in a report on Tuesday, March 4th. HSBC initiated coverage on shares of Titan America in a research note on Wednesday, March 12th. They issued a "buy" rating and a $19.00 target price for the company. Bank of America reduced their price objective 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 reduced their price target on Titan America from $19.00 to $16.50 and set a "neutral" rating for the company in a research report on Friday, March 28th. Finally, Hsbc Global Res upgraded Titan America to a "strong-buy" rating in a research report on Wednesday, March 12th.

Hedge Funds Weigh In On Titan America

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. purchased a new position in Titan America during the first quarter worth about $135,000. Cannon Global Investment Management LLC purchased a new position in shares of Titan America during the first quarter worth about $160,000. Venator Management LLC purchased a new position in shares of Titan America during the first quarter worth about $773,000. Seven Grand Managers LLC purchased a new position in Titan America in the 1st quarter worth approximately $946,000. Finally, Eisler Capital Management Ltd. purchased a new position in Titan America in the 1st quarter worth approximately $1,011,000.

Titan America Stock Up 1.6%

Shares of TTAM stock traded up $0.20 during trading hours on Friday, hitting $12.93. 134,509 shares of the company were exchanged, compared to its average volume of 349,335. The company's fifty day moving average price is $13.39. 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 issued its earnings results on Monday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $392.44 million during the quarter, compared to the consensus estimate of $391.96 million. The business's revenue was down 1.9% compared to the same quarter last year.

Titan America Announces Dividend

The company also recently declared a -- dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is 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.