Titan America SA (NYSE:TTAM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Titan America SA (NYSE:TTAM) have been assigned an average rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.3571.

A number of brokerages have issued reports on TTAM. Jefferies Financial Group upped their price objective on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Sanford C. Bernstein boosted their price target on shares of Titan America from $15.00 to $17.00 and gave the stock a “market perform” rating in a report on Friday, December 19th. Citigroup raised their price objective on shares of Titan America from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Wall Street Zen upgraded shares of Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th.

Titan America Trading Up 0.1%

NYSE:TTAM opened at $17.03 on Friday. Titan America has a 52 week low of $10.80 and a 52 week high of $18.00. The firm has a 50-day moving average price of $16.47 and a two-hundred day moving average price of $15.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.87 and a current ratio of 2.95. The firm has a market cap of $3.14 billion and a price-to-earnings ratio of 17.20.

Titan America (NYSE:TTAM) last announced its earnings results on Wednesday, November 5th. The company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The firm had revenue of $436.85 million for the quarter, compared to the consensus estimate of $439.30 million. Titan America had a return on equity of 19.80% and a net margin of 10.83%.The business’s revenue was up 6.2% compared to the same quarter last year.

Titan America Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were paid a $0.04 dividend. The ex-dividend date was Wednesday, December 17th. Titan America’s dividend payout ratio is presently 16.16%.

Institutional Trading of Titan America

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Titan America during the 2nd quarter worth $28,000. Ameritas Investment Partners Inc. bought a new stake in Titan America in the 2nd quarter valued at about $31,000. CWM LLC purchased a new stake in Titan America during the third quarter valued at about $61,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Titan America in the second quarter worth about $65,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Titan America in the second quarter valued at approximately $96,000.

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. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).