Titan America (NYSE:TTAM) Price Target Cut to $16.50 by Analysts at The Goldman Sachs Group

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

TTAM has been the subject of several other reports. Citigroup started coverage on Titan America in a research note on Tuesday, March 4th. They issued a “buy” rating and a $19.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Titan America in a research report on Wednesday, March 5th. They set a “buy” rating and a $19.00 price target for the company. Bank of America dropped their price objective on shares of Titan America from $16.50 to $15.50 and set a “neutral” rating on the stock in a report on Thursday. Sanford C. Bernstein started coverage on shares of Titan America in a report on Tuesday, March 4th. They set a “market perform” rating and a $17.00 target price for the company. Finally, Stifel Nicolaus lowered 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. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.43.

Titan America Stock Performance

NYSE:TTAM opened at $13.16 on Friday. Titan America has a twelve month low of $12.61 and a twelve month 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 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.

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.