Titan America (NYSE:TTAM) Trading 3.6% Higher – Here’s Why

Shares of Titan America SA (NYSE:TTAM) shot up 3.6% on Tuesday . The stock traded as high as $13.78 and last traded at $13.67. 172,222 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 490,736 shares. The stock had previously closed at $13.20.

Wall Street Analyst Weigh In

TTAM has been the subject of several analyst reports. The Goldman Sachs Group assumed coverage on shares of Titan America in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $19.00 price objective for the company. Bank of America started coverage on Titan America in a research report on Tuesday, March 4th. They issued a “neutral” rating and a $16.50 price target for the company. Hsbc Global Res raised Titan America to a “strong-buy” rating in a report on Wednesday, March 12th. Jefferies Financial Group assumed coverage on Titan America in a research report on Wednesday, March 5th. They set a “buy” rating and a $19.00 target price for the company. Finally, Stifel Nicolaus began 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. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Titan America currently has an average rating of “Moderate Buy” and an average price target of $18.36.

Titan America Trading Up 3.5 %

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.