Titan America (NYSE:TTAM) Trading 3.6% Higher – Here’s Why

Shares of Titan America SA (NYSE:TTAM) were up 3.6% during trading on Tuesday . The company traded as high as $13.78 and last traded at $13.67. Approximately 172,222 shares were traded during trading, a decline of 65% from the average daily volume of 490,736 shares. The stock had previously closed at $13.20.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Titan America in a research report on Wednesday, March 5th. They issued a “buy” rating and a $19.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Titan America in a research note on Tuesday, March 4th. They set a “neutral” rating and a $19.00 target price on the stock. Citigroup assumed coverage on Titan America in a report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 target price for the company. Sanford C. Bernstein started coverage on Titan America in a report on Tuesday, March 4th. They set a “market perform” rating and a $17.00 price target on the stock. Finally, BNP Paribas raised Titan America to a “hold” rating in a research note on Tuesday, March 4th. 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.21.

Titan America Price Performance

Titan America (NYSE:TTAM) last released its quarterly earnings results 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 analyst estimates of $393.17 million.

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.