Bank of America Has Lowered Expectations for Titan America (NYSE:TTAM) Stock Price

Titan America (NYSE:TTAM) had its target price dropped by analysts at Bank of America from $16.50 to $15.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s price target indicates a potential upside of 14.14% from the stock’s previous close.

A number of other research analysts have also commented on TTAM. BNP Paribas upgraded shares of Titan America to a “hold” rating in a research note on Tuesday, March 4th. HSBC started coverage on shares of Titan America in a report on Wednesday, March 12th. They set a “buy” rating and a $19.00 target price on the stock. Hsbc Global Res raised Titan America to a “strong-buy” rating in a report on Wednesday, March 12th. Citigroup began coverage on shares of Titan America in a research report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on Titan America in a research note on Tuesday, March 4th. They set a “neutral” rating and a $19.00 target price for the company. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.21.

Titan America Price Performance

Shares of NYSE:TTAM traded up $0.17 during midday trading on Thursday, hitting $13.58. The stock had a trading volume of 55,126 shares, compared to its average volume of 487,438. Titan America has a 12 month low of $12.61 and a 12 month high of $17.78.

Titan America (NYSE:TTAM) last posted its earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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.