Titan America (NYSE:TTAM) Sets New 52-Week Low – Should You Sell?

Titan America SA (NYSE:TTAM) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $14.35 and last traded at $14.88, with a volume of 857133 shares changing hands. The stock had previously closed at $15.55.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TTAM shares. Sanford C. Bernstein started coverage on Titan America in a research note on Tuesday. They set a “market perform” rating and a $17.00 price target for the company. Bank of America started coverage on Titan America in a research note on Tuesday. They set a “neutral” rating and a $16.50 price target for the company. Citigroup started coverage on Titan America in a research note on Tuesday. They set a “buy” rating and a $19.00 price target for the company. The Goldman Sachs Group assumed coverage on Titan America in a research note on Tuesday. They set a “neutral” rating and a $19.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on Titan America in a research report on Wednesday. They set a “buy” rating and a $19.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.25.

Titan America Trading Down 0.5 %

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.