Titan America SA (NYSE:TTAM) Given Consensus Recommendation of “Hold” by Analysts

Shares of Titan America SA (NYSE:TTAM) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $17.3571.

A number of brokerages have weighed in on TTAM. Sanford C. Bernstein upped their price target on shares of Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Citigroup increased their target price on shares of Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Wall Street Zen upgraded shares of Titan America from a “hold” rating to a “buy” rating in a research report on Saturday, November 29th. Finally, Jefferies Financial Group increased their price objective on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 15th.

Titan America Trading Down 1.6%

Shares of Titan America stock opened at $18.70 on Thursday. The business has a fifty day simple moving average of $17.20 and a 200-day simple moving average of $15.90. Titan America has a fifty-two week low of $10.80 and a fifty-two week high of $19.42. The firm has a market cap of $3.45 billion and a price-to-earnings ratio of 18.89. The company has a quick ratio of 1.87, a current ratio of 2.95 and a debt-to-equity ratio of 0.45.

Titan America Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, December 17th. Titan America’s dividend payout ratio is currently 16.16%.

Hedge Funds Weigh In On Titan America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in shares of Titan America during the 2nd quarter valued at about $28,000. Ameritas Investment Partners Inc. acquired a new stake in Titan America in the second quarter valued at approximately $31,000. CWM LLC bought a new stake in Titan America in the third quarter worth approximately $61,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Titan America during the 2nd quarter worth $65,000. Finally, New York State Common Retirement Fund bought a new position in shares of Titan America during the 2nd quarter valued at $96,000.

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. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).