Titan America (NYSE:TTAM) Reaches New 52-Week Low – Here’s What Happened

Titan America SA (NYSE:TTAM) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $12.84 and last traded at $12.85, with a volume of 46151 shares changing hands. The stock had previously closed at $13.02.

Wall Street Analysts Forecast Growth

TTAM has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Titan America in a research note on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 target price for the company. HSBC began coverage on Titan America in a research report on Wednesday, March 12th. They set a “buy” rating and a $19.00 target price on the stock. The Goldman Sachs Group started coverage on Titan America in a report on Tuesday, March 4th. They set a “neutral” rating and a $19.00 price objective on the stock. Hsbc Global Res raised Titan America to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Bank of America began coverage on shares of Titan America in a research note on Tuesday, March 4th. They set a “neutral” rating and a $16.50 price target on the stock. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Titan America presently has an average rating of “Moderate Buy” and a consensus target price of $18.36.

Titan America Stock Performance

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.