Titan America (NYSE:TTAM) Shares Gap Down - Here's What Happened

Titan America SA (NYSE:TTAM - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $13.70, but opened at $13.39. Titan America shares last traded at $13.64, with a volume of 6,209 shares.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTAM. Citigroup initiated coverage on shares of Titan America in a research report on Tuesday, March 4th. They set a "buy" rating and a $19.00 price objective for the company. Bank of America began coverage on shares of Titan America in a report on Tuesday, March 4th. They set a "neutral" rating and a $16.50 target price for the company. The Goldman Sachs Group began coverage on Titan America in a report on Tuesday, March 4th. They issued a "neutral" rating and a $19.00 price target on the stock. BNP Paribas upgraded Titan America to a "hold" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus assumed coverage on Titan America in a report on Tuesday, March 4th. They issued a "buy" rating and a $19.00 target price on the stock. 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.36.

Titan America Trading Up 0.7 %

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.