Stifel Nicolaus Lowers Titan America (NYSE:TTAM) Price Target to $15.00

Titan America (NYSE:TTAM) had its price target trimmed by Stifel Nicolaus from $16.00 to $15.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently commented on the stock. Citigroup started coverage on shares of Titan America in a research report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 target price for the company. Sanford C. Bernstein started coverage on Titan America in a research report on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 target price on the stock. Hsbc Global Res upgraded Titan America to a “strong-buy” rating in a research report on Wednesday, March 12th. HSBC initiated coverage on Titan America in a research note on Wednesday, March 12th. They issued a “buy” rating and a $19.00 price target for the company. Finally, The Goldman Sachs Group cut their price objective on shares of Titan America from $19.00 to $16.50 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.29.

Titan America Stock Down 2.0 %

NYSE:TTAM opened at $12.00 on Monday. The firm’s 50 day moving average is $13.50. Titan America has a 12-month low of $10.80 and a 12-month high of $17.78.

Titan America (NYSE:TTAM) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share (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 Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, April 7th were issued a dividend of $0.38 per share. This represents a yield of 5.73%. The ex-dividend date of this dividend was Friday, April 4th.

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.