Titan America SA (NYSE:TTAM) Given Consensus Rating of “Hold” by Brokerages

Titan America SA (NYSE:TTAM) has received a consensus rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.3571.

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

Titan America Stock Down 1.6%

TTAM stock opened at $18.70 on Thursday. The company has a market cap of $3.45 billion and a price-to-earnings ratio of 18.89. The company has a fifty day moving average price of $17.20 and a 200 day moving average price of $15.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.87. Titan America has a 12 month low of $10.80 and a 12 month high of $19.42.

Titan America Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, December 17th. Titan America’s dividend payout ratio is 16.16%.

Institutional Trading of Titan America

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

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. 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”).