Titan America (NYSE:TTAM – Get Free Report) had its price target decreased by research analysts at Citigroup from $18.00 to $15.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup‘s price target suggests a potential upside of 27.66% from the company’s current price.
A number of other brokerages have also recently issued reports on TTAM. Zacks Research cut shares of Titan America from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Stifel Nicolaus decreased their target price on shares of Titan America from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, October 28th. Finally, Weiss Ratings cut shares of Titan America from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, October 20th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.50.
Read Our Latest Analysis on Titan America
Titan America Stock Performance
Shares of TTAM stock traded up $0.49 during mid-day trading on Monday, reaching $11.75. The stock had a trading volume of 172,428 shares, compared to its average volume of 296,364. Titan America has a one year low of $11.26 and a one year high of $19.57. The firm has a market cap of $2.17 billion, a PE ratio of 13.49, a P/E/G ratio of 2.10 and a beta of 1.06. The firm’s 50 day simple moving average is $13.81 and its 200 day simple moving average is $15.93. The company has a quick ratio of 0.65, a current ratio of 1.18 and a debt-to-equity ratio of 0.32.
Titan America (NYSE:TTAM – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.15). The firm had revenue of $461.64 million for the quarter. Titan America had a net margin of 9.19% and a return on equity of 14.88%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. On average, analysts forecast that Titan America will post 0.95 EPS for the current year.
Institutional Investors Weigh In On Titan America
Several large investors have recently made changes to their positions in the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Titan America in the 2nd quarter worth approximately $7,623,000. Renaissance Technologies LLC bought a new position in Titan America in the 1st quarter worth approximately $1,489,000. Lazard Asset Management LLC acquired a new stake in Titan America in the first quarter worth about $1,452,000. Principal Financial Group Inc. acquired a new position in Titan America in the first quarter valued at approximately $1,167,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Titan America during the second quarter worth $915,000.
About Titan America
Titan America, Inc is a vertically integrated building materials company that produces and supplies materials used in residential, commercial and infrastructure construction. Its products include cement, aggregates, ready-mixed concrete and other construction materials.
The company serves customers across parts of the Mid-Atlantic and southeastern United States through a network of production facilities and distribution operations. Its businesses include Roanoke Cement and Titan Florida, which supply cement and related materials to regional markets.
Titan America has roots in the U.S.
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