The Goldman Sachs Group Lowers Titan America (NYSE:TTAM) Price Target to $16.50

Titan America (NYSE:TTAM) had its price objective reduced by investment analysts at The Goldman Sachs Group from $19.00 to $16.50 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 25.38% from the company’s current price.

A number of other analysts have also commented on the company. Hsbc Global Res raised Titan America to a “strong-buy” rating in a report on Wednesday, March 12th. HSBC started coverage on Titan America in a research report on Wednesday, March 12th. They issued a “buy” rating and a $19.00 target price for the company. Sanford C. Bernstein assumed coverage on shares of Titan America in a report on Tuesday, March 4th. They set a “market perform” rating and a $17.00 price target on the stock. Jefferies Financial Group started coverage on shares of Titan America in a report on Wednesday, March 5th. They set a “buy” rating and a $19.00 price objective for the company. Finally, BNP Paribas upgraded shares of Titan America to a “hold” rating in a report on Tuesday, March 4th. 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’s stock. According to data from MarketBeat.com, Titan America currently has a consensus rating of “Moderate Buy” and an average target price of $17.43.

Titan America Stock Performance

TTAM opened at $13.16 on Friday. Titan America has a 1 year low of $12.61 and a 1 year high of $17.78.

Titan America (NYSE:TTAM) last issued its earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share (EPS) 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 analyst estimates of $393.17 million.

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.