Titan America (NYSE:TTAM) Receives Underperform Rating from Bank of America

Titan America (NYSE:TTAM - Get Free Report)'s stock had its "underperform" rating reissued by analysts at Bank of America in a report issued on Thursday, Marketbeat.com reports. They currently have a $14.00 price target on the stock. Bank of America's target price indicates a potential upside of 0.86% from the stock's previous close.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group cut their price objective on shares of Titan America from $19.00 to $16.50 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Stifel Nicolaus dropped their price target on shares of Titan America from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $17.07.

Titan America Trading Down 3.3%

Titan America stock traded down $0.47 during mid-day trading on Thursday, reaching $13.88. 699,338 shares of the company traded hands, compared to its average volume of 444,916. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.45. Titan America has a fifty-two week low of $10.80 and a fifty-two week high of $17.78. The company has a fifty day moving average price of $13.65.

Titan America (NYSE:TTAM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 revenue for the quarter was down 1.9% on a year-over-year basis.

Institutional Trading of Titan America

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in shares of Titan America during the first quarter valued at about $135,000. Cannon Global Investment Management LLC acquired a new stake in shares of Titan America during the first quarter valued at about $160,000. Venator Management LLC acquired a new stake in shares of Titan America during the first quarter valued at about $773,000. Seven Grand Managers LLC acquired a new stake in shares of Titan America during the first quarter valued at about $946,000. Finally, Eisler Capital Management Ltd. acquired a new stake in shares of Titan America during the first quarter valued at about $1,011,000.

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.