Titan America SA (NYSE:TTAM) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Titan America SA (NYSE:TTAM - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $17.43.

TTAM has been the subject of a number of recent analyst reports. HSBC began coverage on shares of Titan America in a research note on Wednesday, March 12th. They issued a "buy" rating and a $19.00 price objective for the company. Citigroup initiated coverage on Titan America in a research report on Tuesday, March 4th. They issued a "buy" rating and a $19.00 target price for the company. BNP Paribas raised Titan America to a "hold" rating in a research note on Tuesday, March 4th. Bank of America lowered their target price on Titan America from $16.50 to $15.50 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group reduced their price target on shares of Titan America from $19.00 to $16.50 and set a "neutral" rating for the company in a research report on Friday, March 28th.

Titan America Stock Performance

Titan America stock traded down $0.96 during mid-day trading on Friday, hitting $12.96. The company's stock had a trading volume of 38,527 shares, compared to its average volume of 491,611. Titan America has a twelve month low of $12.61 and a twelve month high of $17.78.

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

Titan America Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, April 7th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a dividend yield of 5.73%.

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.