Brokerages Set Titan America SA (NYSE:TTAM) PT at $17.21

Shares of Titan America SA (NYSE:TTAM) have been given a consensus rating of “Hold” by the nine research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $17.2143.

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

Hedge Funds Weigh In On Titan America

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in shares of Titan America during the second quarter worth about $28,000. Ameritas Investment Partners Inc. purchased a new position in Titan America during the 2nd quarter worth approximately $31,000. CWM LLC acquired a new position in Titan America during the third quarter worth approximately $61,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Titan America in the second quarter valued at approximately $65,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Titan America in the second quarter valued at approximately $96,000.

Titan America Trading Down 2.4%

Shares of NYSE:TTAM opened at $16.59 on Wednesday. Titan America has a 52 week low of $10.80 and a 52 week high of $17.78. The company’s 50 day moving average is $15.86 and its two-hundred day moving average is $15.02. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.06 billion and a PE ratio of 16.76.

Titan America (NYSE:TTAM) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $436.85 million during the quarter, compared to analysts’ expectations of $439.30 million. Titan America had a net margin of 10.83% and a return on equity of 19.80%. Titan America’s revenue for the quarter was up 6.2% on a year-over-year basis.

Titan America Dividend Announcement

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

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”).