The Goldman Sachs Group Cuts Titan America (NYSE:TTAM) Price Target to $16.50

Titan America (NYSE:TTAM) had its price target lowered by equities researchers at The Goldman Sachs Group from $19.00 to $16.50 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 25.38% from the company’s previous close.

A number of other brokerages also recently issued reports on TTAM. HSBC assumed coverage on shares of Titan America in a report on Wednesday, March 12th. They issued a “buy” rating and a $19.00 price target on the stock. Sanford C. Bernstein initiated coverage on Titan America in a report on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 target price on the stock. Bank of America dropped their price target on Titan America from $16.50 to $15.50 and set a “neutral” rating for the company in a research note on Thursday. Jefferies Financial Group started coverage on Titan America in a research note on Wednesday, March 5th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, Hsbc Global Res raised Titan America to a “strong-buy” rating in a report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.43.

Titan America Trading Down 1.1 %

Shares of Titan America stock opened at $13.16 on Friday. Titan America has a 52 week low of $12.61 and a 52 week high of $17.78.

Titan America (NYSE:TTAM) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $389.82 million during the quarter, compared to analyst estimates 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.