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

Titan America (NYSE:TTAM) had its target price cut by stock analysts at The Goldman Sachs Group from $19.00 to $16.50 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 26.44% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Bank of America dropped their price objective on Titan America from $16.50 to $15.50 and set a “neutral” rating on the stock in a report on Thursday. Sanford C. Bernstein initiated coverage on shares of Titan America in a research note on Tuesday, March 4th. They set a “market perform” rating and a $17.00 price objective for the company. HSBC initiated coverage on shares of Titan America in a research note on Wednesday, March 12th. They issued a “buy” rating and a $19.00 target price on the stock. Stifel Nicolaus decreased their price target on shares of Titan America from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Friday. Finally, Hsbc Global Res raised Titan America to a “strong-buy” rating in a research note on Wednesday, March 12th. Four 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.43.

Titan America Price Performance

Shares of NYSE:TTAM traded down $0.26 during midday trading on Friday, reaching $13.05. The company had a trading volume of 80,258 shares, compared to its average volume of 491,774. Titan America has a 52-week low of $12.61 and a 52-week high of $17.78.

Titan America (NYSE:TTAM) last announced its quarterly earnings data 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.