Brokerages Set Titan America SA (NYSE:TTAM) Target Price at $17.75

Titan America SA (NYSE:TTAM) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $17.75.

A number of analysts recently weighed in on the stock. Citigroup raised their price target on shares of Titan America from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. HSBC lowered Titan America from a “buy” rating to a “hold” rating and set a $18.50 price objective on the stock. in a research report on Thursday, May 7th. Zacks Research raised Titan America from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen downgraded Titan America from a “buy” rating to a “hold” rating in a research report on Monday, April 13th.

Titan America Trading Down 2.3%

TTAM opened at $17.00 on Friday. The company has a current ratio of 2.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.13 billion, a PE ratio of 16.83, a PEG ratio of 1.08 and a beta of 0.97. Titan America has a 1-year low of $13.29 and a 1-year high of $19.57. The firm has a 50-day moving average price of $16.87 and a two-hundred day moving average price of $16.84.

Titan America (NYSE:TTAM) last announced its earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Titan America had a return on equity of 18.35% and a net margin of 11.08%.The company had revenue of $398.42 million during the quarter. During the same period in the previous year, the company posted $0.19 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. As a group, equities analysts anticipate that Titan America will post 1.09 earnings per share for the current fiscal year.

Titan America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Thursday, June 18th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, June 18th. Titan America’s dividend payout ratio (DPR) is presently 15.84%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. acquired a new stake in shares of Titan America during the 4th quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd raised its position in shares of Titan America by 633.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,170 shares of the company’s stock valued at $36,000 after acquiring an additional 1,874 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Titan America during the second quarter worth $28,000. SG Americas Securities LLC bought a new position in Titan America during the fourth quarter worth about $104,000. Finally, New York State Common Retirement Fund bought a new position in shares of Titan America during the 2nd quarter valued at about $96,000.

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. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).