Titan America (NYSE:TTAM) Sets New 12-Month Low – Time to Sell?

Titan America SA (NYSE:TTAM)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $12.59 and last traded at $12.84, with a volume of 177593 shares trading hands. The stock had previously closed at $13.92.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TTAM shares. BNP Paribas upgraded Titan America to a “hold” rating in a report on Tuesday, March 4th. Jefferies Financial Group assumed coverage on shares of Titan America in a report on Wednesday, March 5th. They issued a “buy” rating and a $19.00 price target on the stock. HSBC started coverage on shares of Titan America in a report on Wednesday, March 12th. They set a “buy” rating and a $19.00 price objective for the company. Sanford C. Bernstein assumed coverage on shares of Titan America in a research note on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 target price on the stock. Finally, Citigroup initiated coverage on shares of Titan America in a research note on Tuesday, March 4th. They issued a “buy” rating and a $19.00 price target on the stock. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.43.

Titan America Stock Down 6.6 %

Titan America (NYSE:TTAM) last posted its earnings results on Wednesday, March 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $389.82 million during the quarter, compared to analysts’ expectations of $393.17 million.

Titan America Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, April 7th will be given a $0.38 dividend. This represents a dividend yield of 5.73%. The ex-dividend date is Friday, April 4th.

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.