Titan America SA’s (NYSE:TTAM) Quiet Period Set To End Tomorrow

Titan America’s (NYSE:TTAM) quiet period is set to end on Wednesday, March 19th. Titan America had issued 24,000,000 shares in its IPO on February 7th. The total size of the offering was $384,000,000 based on an initial share price of $16.00. During Titan America’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TTAM shares. Hsbc Global Res upgraded Titan America to a “strong-buy” rating in a report on Wednesday, March 12th. Citigroup initiated coverage on shares of Titan America in a research report on Tuesday, March 4th. They set a “buy” rating and a $19.00 price target for the company. Bank of America started coverage on Titan America in a research note on Tuesday, March 4th. They set a “neutral” rating and a $16.50 price target on the stock. Jefferies Financial Group began coverage on Titan America in a report on Wednesday, March 5th. They set a “buy” rating and a $19.00 target price for the company. Finally, Sanford C. Bernstein initiated coverage on Titan America in a research report on Tuesday, March 4th. They set a “market perform” rating and a $17.00 price target for the company. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.36.

Titan America Stock Performance

Shares of TTAM opened at $13.51 on Tuesday. Titan America has a fifty-two week low of $12.89 and a fifty-two week high of $17.78.

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.