Titan America (NYSE:TTAM) Given New $16.50 Price Target at The Goldman Sachs Group

Titan America (NYSE:TTAM) had its price objective dropped by analysts at The Goldman Sachs Group from $19.00 to $16.50 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 26.44% from the company’s current price.

TTAM has been the subject of a number of other reports. HSBC initiated coverage on shares of Titan America in a research note on Wednesday, March 12th. They issued a “buy” rating and a $19.00 target price for the company. Hsbc Global Res raised Titan America to a “strong-buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus dropped their target price on Titan America from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Friday. Sanford C. Bernstein initiated coverage on Titan America in a research report on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on shares of Titan America in a research note on Wednesday, March 5th. They issued a “buy” rating and a $19.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.43.

Titan America Stock Performance

NYSE TTAM traded down $0.26 on Friday, hitting $13.05. 80,258 shares of the company were exchanged, compared to its average volume of 491,774. Titan America has a twelve month low of $12.61 and a twelve month high of $17.78.

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