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

Titan America SA (NYSE:TTAM - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.29.

Several equities analysts have commented on the company. HSBC assumed coverage on Titan America in a report on Wednesday, March 12th. They set a "buy" rating and a $19.00 price target on the stock. The Goldman Sachs Group dropped their target price 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. Hsbc Global Res upgraded shares of Titan America to a "strong-buy" rating in a report on Wednesday, March 12th. Jefferies Financial Group initiated coverage on Titan America in a research report on Wednesday, March 5th. They issued a "buy" rating and a $19.00 price target on the stock. Finally, 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 research report on Thursday, March 27th.

Titan America Price Performance

NYSE:TTAM remained flat at $13.83 during trading hours on Monday. 79,719 shares of the company were exchanged, compared to its average volume of 383,299. Titan America has a 12-month low of $10.80 and a 12-month high of $17.78. The company has a 50 day moving average price of $13.06.

Titan America (NYSE:TTAM - Get Free Report) last released its quarterly earnings results 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 company had revenue of $392.44 million for the quarter, compared to the consensus estimate of $391.96 million. The company's revenue was down 1.9% on a year-over-year basis.

Titan America Dividend Announcement

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

Hedge Funds Weigh In On Titan America

Several large investors have recently added to or reduced their stakes in TTAM. Aperture Investors LLC acquired a new stake in shares of Titan America during the 1st quarter worth approximately $1,054,000. Eisler Capital Management Ltd. acquired a new stake in Titan America during the first quarter worth $1,011,000. Nuveen LLC acquired a new stake in Titan America during the first quarter worth $4,947,000. Venator Management LLC bought a new stake in Titan America in the 1st quarter valued at $773,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Titan America in the 1st quarter valued at $135,000.

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.