Titan America (NYSE:TTAM) Price Target Cut to $16.00 by Analysts at Stifel Nicolaus

Titan America (NYSE:TTAM) had its price target dropped by equities research analysts at Stifel Nicolaus from $19.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 24.32% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. BNP Paribas upgraded shares of Titan America to a “hold” rating in a research report on Tuesday, March 4th. HSBC began coverage on shares of Titan America in a report on Wednesday, March 12th. They set a “buy” rating and a $19.00 price objective for the company. Jefferies Financial Group started coverage on Titan America in a report on Wednesday, March 5th. They issued a “buy” rating and a $19.00 target price on the stock. Bank of America dropped their price target on Titan America from $16.50 to $15.50 and set a “neutral” rating for the company in a report on Thursday. Finally, Sanford C. Bernstein assumed 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. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.79.

Titan America Stock Down 3.3 %

NYSE TTAM traded down $0.44 during trading on Friday, reaching $12.87. 40,952 shares of the company traded hands, compared to its average volume of 490,675. Titan America has a 1-year low of $12.61 and a 1-year high of $17.78.

Titan America (NYSE:TTAM) last announced its quarterly 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 company had revenue of $389.82 million during 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.