Titan America (NYSE:TTAM) Given New $16.50 Price Target at The Goldman Sachs Group

Titan America (NYSE:TTAM) had its target price lowered by The Goldman Sachs Group from $19.00 to $16.50 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts also recently weighed in on the company. Bank of America cut 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. Sanford C. Bernstein began coverage on Titan America in a research report on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price objective on the stock. Stifel Nicolaus decreased their target price on Titan America from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Friday. BNP Paribas raised shares of Titan America to a “hold” rating in a report on Tuesday, March 4th. Finally, Hsbc Global Res upgraded shares of Titan America to a “strong-buy” rating in a report on Wednesday, March 12th. Four 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.43.

Titan America Price Performance

NYSE TTAM opened at $13.16 on Friday. Titan America has a 12 month low of $12.61 and a 12 month high of $17.78.

Titan America (NYSE:TTAM) last announced its earnings results on Wednesday, March 26th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $389.82 million for the quarter, compared to the consensus estimate of $393.17 million.

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.