Titan America (NYSE:TTAM) Sets New 52-Week Low – Should You Sell?

Titan America SA (NYSE:TTAM) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $14.35 and last traded at $14.88, with a volume of 857133 shares trading hands. The stock had previously closed at $15.55.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TTAM shares. The Goldman Sachs Group started coverage on Titan America in a research note on Tuesday. They set a “neutral” rating and a $19.00 price objective on the stock. Stifel Nicolaus began coverage on Titan America in a research note on Tuesday. They set a “buy” rating and a $19.00 price objective on the stock. Bank of America began coverage on Titan America in a report on Tuesday. They set a “neutral” rating and a $16.50 target price for the company. Citigroup began coverage on Titan America in a report on Tuesday. They set a “buy” rating and a $19.00 target price for the company. Finally, Sanford C. Bernstein began coverage on Titan America in a report on Tuesday. They set a “market perform” rating and a $17.00 target price for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.25.

Titan America Stock Performance

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.