Titan America SA (NYSE:TTAM) Receives $17.43 Consensus PT from Brokerages

Shares of Titan America SA (NYSE:TTAM) have received an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $17.43.

Several analysts recently commented on TTAM shares. Jefferies Financial Group started coverage on Titan America in a report on Wednesday, March 5th. They issued a “buy” rating and a $19.00 price objective for the company. Sanford C. Bernstein initiated coverage on Titan America in a research note on Tuesday, March 4th. They set a “market perform” rating and a $17.00 price target for the company. Bank of America lowered their price objective on shares of Titan America from $16.50 to $15.50 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Stifel Nicolaus reduced their target price on shares of Titan America from $19.00 to $16.00 and set a “buy” rating for the company in a report on Friday, March 28th. Finally, Citigroup started coverage on shares of Titan America in a research report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 price target on the stock.

Titan America Stock Performance

Shares of TTAM opened at $13.16 on Friday. Titan America has a 12 month low of $12.61 and a 12 month high of $17.78.

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

Titan America Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, April 7th will be paid a dividend of $0.38 per share. This represents a dividend yield of 5.73%. The ex-dividend date of this dividend is Friday, April 4th.

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.