Stifel Nicolaus Lowers Titan America (NYSE:TTAM) Price Target to $16.00

Titan America (NYSE:TTAM - Get Free Report) had its price objective dropped by research analysts at Stifel Nicolaus from $19.00 to $16.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 20.57% from the stock's current price.

Several other equities research analysts have also recently commented on the stock. Bank of America dropped their target price on shares of Titan America from $16.50 to $15.50 and set a "neutral" rating for the company in a research report on Thursday, March 27th. BNP Paribas raised Titan America to a "hold" rating in a research report on Tuesday, March 4th. Hsbc Global Res raised Titan America to a "strong-buy" rating in a research report on Wednesday, March 12th. HSBC initiated 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. Finally, The Goldman Sachs Group assumed coverage on Titan America in a report on Tuesday, March 4th. They issued a "neutral" rating and a $19.00 price objective for the company. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $17.43.

Titan America Price Performance

Shares of NYSE TTAM traded down $0.25 during trading hours on Friday, hitting $13.27. The company's stock had a trading volume of 147,194 shares, compared to its average volume of 496,253. Titan America has a 12 month low of $12.61 and a 12 month high of $17.78.

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Titan America (NYSE:TTAM - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $389.82 million during the quarter, compared to analysts' expectations of $393.17 million.

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.