Stifel Nicolaus Has Lowered Expectations for Titan America (NYSE:TTAM) Stock Price

Titan America (NYSE:TTAM) had its price objective reduced by Stifel Nicolaus from $19.00 to $16.00 in a research report sent to investors on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Jefferies Financial Group initiated coverage on shares of Titan America in a research note on Wednesday, March 5th. They set a “buy” rating and a $19.00 price objective on the stock. Sanford C. Bernstein assumed coverage on Titan America in a research note on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price objective on the stock. HSBC assumed coverage on Titan America in a research report on Wednesday, March 12th. They issued a “buy” rating and a $19.00 price objective for the company. Hsbc Global Res upgraded Titan America to a “strong-buy” rating in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Titan America in a research report on Tuesday, March 4th. They set a “neutral” rating and a $19.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.43.

Titan America Stock Performance

Shares of TTAM opened at $13.16 on Friday. Titan America has a twelve month low of $12.61 and a twelve month high of $17.78.

Titan America (NYSE:TTAM) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business 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.