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

Titan America (NYSE:TTAM) had its price target lowered by The Goldman Sachs Group from $19.00 to $16.50 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently weighed in on TTAM. Jefferies Financial Group began coverage on Titan America in a report on Wednesday, March 5th. They set a “buy” rating and a $19.00 price target for the company. Sanford C. Bernstein began coverage on Titan America in a research note on Tuesday, March 4th. They set a “market perform” rating and a $17.00 target price for the company. BNP Paribas raised Titan America to a “hold” rating in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on shares of Titan America from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Friday. Finally, Citigroup started coverage on shares of Titan America in a research report on Tuesday, March 4th. They set a “buy” rating and a $19.00 target price on the stock. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.43.

Titan America Trading Down 1.1 %

Shares of TTAM stock opened at $13.16 on Friday. Titan America has a one year low of $12.61 and a one year high of $17.78.

Titan America (NYSE:TTAM) last issued 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 firm had revenue of $389.82 million for the quarter, compared to analysts’ expectations of $393.17 million.

About Titan America

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.