Titan America SA’s (NYSE:TTAM) Quiet Period To End on March 19th

Titan America’s (NYSE:TTAM) quiet period will end on Wednesday, March 19th. Titan America had issued 24,000,000 shares in its public offering on February 7th. The total size of the offering was $384,000,000 based on an initial share price of $16.00. During Titan America’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TTAM shares. Bank of America initiated coverage on shares of Titan America in a research note on Tuesday, March 4th. They set a “neutral” rating and a $16.50 price objective on the stock. Sanford C. Bernstein began coverage on Titan America in a report on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price target on the stock. BNP Paribas upgraded Titan America to a “hold” rating in a research note on Tuesday, March 4th. Citigroup began coverage on Titan America in a research report on Tuesday, March 4th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, Stifel Nicolaus started coverage on shares of Titan America in a report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Titan America presently has a consensus rating of “Hold” and a consensus target price of $18.25.

Titan America Trading Down 2.9 %

Shares of NYSE:TTAM opened at $13.83 on Wednesday. Titan America has a 1 year low of $13.44 and a 1 year high of $17.78.

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.