Stifel Nicolaus Cuts Titan America (NYSE:TTAM) Price Target to $16.00

Titan America (NYSE:TTAM) had its price objective cut by stock analysts at Stifel Nicolaus from $19.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 21.58% from the company’s previous close.

A number of other analysts have also recently commented on TTAM. Bank of America cut their target price on shares of 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 began coverage on Titan America in a research note on Wednesday, March 5th. They set a “buy” rating and a $19.00 price objective for the company. Hsbc Global Res raised Titan America to a “strong-buy” rating in a report on Wednesday, March 12th. The Goldman Sachs Group began coverage on Titan America in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $19.00 price target on the stock. Finally, Sanford C. Bernstein initiated coverage on Titan America in a research note on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Titan America has an average rating of “Moderate Buy” and a consensus target price of $17.43.

Titan America Stock Performance

Shares of TTAM opened at $13.16 on Friday. Titan America has a 12 month low of $12.61 and a 12 month high of $17.78.

Titan America (NYSE:TTAM) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $389.82 million for 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.