Titan America (NYSE:TTAM) Price Target Cut to $16.50 by Analysts at The Goldman Sachs Group

Titan America (NYSE:TTAM - Get Free Report) had its target price decreased by The Goldman Sachs Group from $19.00 to $16.50 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. The Goldman Sachs Group's price target indicates a potential upside of 24.34% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Hsbc Global Res upgraded Titan America to a "strong-buy" rating in a research note on Wednesday, March 12th. 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. Stifel Nicolaus dropped their price objective on Titan America from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday. Jefferies Financial Group started coverage on shares of Titan America in a research note on Wednesday, March 5th. They issued a "buy" rating and a $19.00 target price for the company. Finally, BNP Paribas raised shares of Titan America to a "hold" rating in a research report on Tuesday, March 4th. 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. According to data from MarketBeat.com, Titan America presently has an average rating of "Moderate Buy" and a consensus price target of $17.43.

Titan America Stock Performance

Shares of NYSE TTAM traded down $0.25 during midday trading on Friday, hitting $13.27. 151,593 shares of the stock traded hands, compared to its average volume of 496,513. Titan America has a one year low of $12.61 and a one year high of $17.78.

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Titan America (NYSE:TTAM - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). The business had revenue of $389.82 million for 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.