Titan America (NYSE:TTAM – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01), Zacks reports. The company had revenue of $389.82 million for the quarter, compared to the consensus estimate of $393.17 million.
Titan America Stock Performance
Shares of NYSE TTAM opened at $13.36 on Friday. Titan America has a 12-month low of $12.61 and a 12-month high of $17.78.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on TTAM shares. Stifel Nicolaus initiated coverage on Titan America in a report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 price target on the stock. Bank of America cut their target price on Titan America from $16.50 to $15.50 and set a “neutral” rating on the stock in a research note on Thursday. BNP Paribas raised shares of Titan America to a “hold” rating in a research report on Tuesday, March 4th. Hsbc Global Res raised shares of Titan America to a “strong-buy” rating in a research report on Wednesday, March 12th. Finally, Jefferies Financial Group initiated coverage on shares of Titan America in a research report on Wednesday, March 5th. They set a “buy” rating and a $19.00 target price for the company. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.21.
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.
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