Titan America SA (NYSE:TTAM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Titan America SA (NYSE:TTAM) have received an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.43.

A number of analysts recently commented on TTAM shares. BNP Paribas raised Titan America to a “hold” rating in a research report on Tuesday, March 4th. Citigroup initiated coverage on Titan America in a research report on Tuesday, March 4th. They set a “buy” rating and a $19.00 target price for the company. Sanford C. Bernstein began coverage on Titan America in a research note on Tuesday, March 4th. They set a “market perform” rating and a $17.00 target price on the stock. The Goldman Sachs Group reduced their price target on shares of Titan America from $19.00 to $16.50 and set a “neutral” rating for the company in a research report on Friday, March 28th. Finally, Stifel Nicolaus lowered their price objective on shares of Titan America from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, March 28th.

Titan America Stock Performance

NYSE TTAM opened at $12.24 on Friday. Titan America has a 12-month low of $11.85 and a 12-month high of $17.78.

Titan America (NYSE:TTAM) last issued 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 firm had revenue of $389.82 million during the quarter, compared to analysts’ expectations of $393.17 million.

Titan America Announces Dividend

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

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.