Titan America’s (NYSE:TTAM – Get Free Report) quiet period will end on Wednesday, March 19th. Titan America had issued 24,000,000 shares in its public offering 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 that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end 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.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on TTAM shares. Citigroup initiated coverage on shares of Titan America in a report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 price objective on the stock. BNP Paribas upgraded shares of Titan America to a “hold” rating in a research report on Tuesday, March 4th. HSBC initiated coverage on shares of Titan America in a research report on Wednesday. They issued a “buy” rating and a $19.00 target price for the company. Stifel Nicolaus initiated coverage on shares of Titan America in a research report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 target price for the company. Finally, Bank of America initiated coverage on shares of Titan America in a research report on Tuesday, March 4th. They issued a “neutral” rating and a $16.50 target price for the company. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.36.
Get Our Latest Research Report on TTAM
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.
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