Stifel Nicolaus Issues Pessimistic Forecast for Titan America (NYSE:TTAM) Stock Price

Titan America (NYSE:TTAM) had its price target lowered by stock analysts at Stifel Nicolaus from $19.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 21.58% from the company’s current price.

TTAM has been the topic of several other reports. Bank of America cut their target price on Titan America from $16.50 to $15.50 and set a “neutral” rating on the stock in a research report on Thursday. Jefferies Financial Group started coverage on Titan America in a research note on Wednesday, March 5th. They issued a “buy” rating and a $19.00 price objective for the company. Sanford C. Bernstein assumed coverage on Titan America in a research report on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 target price on the stock. BNP Paribas upgraded shares of Titan America to a “hold” rating in a report on Tuesday, March 4th. Finally, Hsbc Global Res upgraded shares of Titan America to a “strong-buy” rating in a research note on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.43.

Titan America Stock Down 1.1 %

Shares of TTAM stock opened at $13.16 on Friday. Titan America has a fifty-two week low of $12.61 and a fifty-two week high of $17.78.

Titan America (NYSE:TTAM) last released its earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $389.82 million for the quarter, compared to the consensus estimate of $393.17 million.

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.