Titan America SA (NYSE:TTAM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Titan America SA (NYSE:TTAM) have earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $17.29.

Several research analysts have weighed in on 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 price target on the stock. Sanford C. Bernstein began coverage on shares of Titan America in a research note on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price target for the company. BNP Paribas upgraded shares of Titan America to a “hold” rating in a research note on Tuesday, March 4th. Citigroup assumed coverage on shares of Titan America in a research note on Tuesday, March 4th. They issued a “buy” rating and a $19.00 target price for the company. Finally, Stifel Nicolaus reduced their price target on Titan America from $16.00 to $15.00 and set a “buy” rating for the company in a report on Monday, April 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. bought a new stake in shares of Titan America in the first quarter valued at about $135,000. Cannon Global Investment Management LLC bought a new stake in shares of Titan America in the first quarter valued at about $160,000. Venator Management LLC bought a new stake in shares of Titan America in the first quarter valued at about $773,000. Seven Grand Managers LLC bought a new stake in shares of Titan America in the first quarter valued at about $946,000. Finally, Eisler Capital Management Ltd. bought a new stake in Titan America during the first quarter worth about $1,011,000.

Titan America Trading Down 2.3%

Shares of Titan America stock opened at $13.32 on Friday. The company has a 50 day moving average price of $13.33. Titan America has a 52-week low of $10.80 and a 52-week high of $17.78.

Titan America (NYSE:TTAM) last announced its earnings results on Monday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $392.44 million during the quarter, compared to analyst estimates of $391.96 million. Titan America’s revenue was down 1.9% on a year-over-year basis.

Titan America Announces Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, June 4th.

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.