Titan America SA (NYSE:TTAM) Receives $17.29 Consensus Target Price from Analysts

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

Several analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on Titan America in a report on Tuesday, March 4th. They set a "market perform" rating and a $17.00 price objective for the company. Bank of America cut their price objective on Titan America from $16.50 to $15.50 and set a "neutral" rating for the company in a report on Thursday, March 27th. BNP Paribas upgraded Titan America to a "hold" rating in a report on Tuesday, March 4th. Hsbc Global Res upgraded Titan America to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, HSBC assumed coverage on Titan America in a report on Wednesday, March 12th. They set a "buy" rating and a $19.00 target price on the stock.

Titan America Trading Down 1.2%

Shares of NYSE:TTAM traded down $0.16 during midday trading on Monday, hitting $13.70. 152,419 shares of the stock were exchanged, compared to its average volume of 380,136. Titan America has a 52-week low of $10.80 and a 52-week high of $17.78. The stock's fifty day moving average is $13.06.

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

Titan America Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, June 4th.

Hedge Funds Weigh In On Titan America

A number of institutional investors have recently made changes to their positions in the business. American Century Companies Inc. bought a new position in shares of Titan America in the first quarter worth about $67,597,000. Victory Capital Management Inc. bought a new position in shares of Titan America in the first quarter worth about $42,625,000. Alliancebernstein L.P. bought a new position in shares of Titan America in the first quarter worth about $33,017,000. Zimmer Partners LP bought a new position in shares of Titan America in the first quarter worth about $30,799,000. Finally, Voss Capital LP bought a new position in shares of Titan America in the first quarter worth about $10,641,000.

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.