Bank of America Lowers Titan America (NYSE:TTAM) Price Target to $15.50

Titan America (NYSE:TTAM) had its price target lowered by equities researchers at Bank of America from $16.50 to $15.50 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s price objective suggests a potential upside of 17.78% from the stock’s current price.

TTAM has been the subject of a number of other research reports. Citigroup assumed coverage on shares of Titan America in a research report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 price objective for the company. Sanford C. Bernstein assumed coverage on Titan America in a report on Tuesday, March 4th. They set a “market perform” rating and a $17.00 price objective on the stock. Jefferies Financial Group initiated coverage on Titan America in a research note on Wednesday, March 5th. They issued a “buy” rating and a $19.00 target price for the company. BNP Paribas upgraded Titan America to a “hold” rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus began coverage on shares of Titan America in a report on Tuesday, March 4th. They set a “buy” rating and a $19.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.43.

Titan America Price Performance

Shares of TTAM opened at $13.16 on Thursday. 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 analysts’ consensus estimates 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.

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.