Titan America (NYSE:TTAM) Shares Gap Down – Here’s Why

Titan America SA (NYSE:TTAM)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $13.70, but opened at $13.39. Titan America shares last traded at $13.64, with a volume of 6,209 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TTAM. Sanford C. Bernstein began coverage on shares of Titan America in a research note on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price target on the stock. BNP Paribas upgraded shares of Titan America to a “hold” rating in a report on Tuesday, March 4th. HSBC began coverage on shares of Titan America in a report on Wednesday, March 12th. They issued a “buy” rating and a $19.00 price objective for the company. Bank of America began coverage on shares of Titan America in a report on Tuesday, March 4th. They issued a “neutral” rating and a $16.50 price objective for the company. Finally, The Goldman Sachs Group began coverage on shares of Titan America in a report on Tuesday, March 4th. They issued a “neutral” rating and a $19.00 price objective for the company. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Titan America has an average rating of “Moderate Buy” and an average target price of $18.36.

Titan America Stock 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.