Titan America (NYSE:TTAM) Reaches New 1-Year Low – What’s Next?

Titan America SA (NYSE:TTAM)’s share price hit a new 52-week low on Thursday . The company traded as low as $12.84 and last traded at $12.85, with a volume of 46151 shares changing hands. The stock had previously closed at $13.02.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TTAM shares. Citigroup assumed 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 for the company. Hsbc Global Res upgraded shares of Titan America to a “strong-buy” rating in a research note on Wednesday, March 12th. BNP Paribas upgraded shares of Titan America to a “hold” rating in a research note on Tuesday, March 4th. Jefferies Financial Group began coverage on shares of Titan America in a research note on Wednesday, March 5th. They set a “buy” rating and a $19.00 price target on the stock. Finally, HSBC started coverage on shares of Titan America in a research report on Wednesday, March 12th. They issued a “buy” rating and a $19.00 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.36.

Titan America Stock Up 0.8 %

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.