Titan America SA’s (NYSE:TTAM) Quiet Period 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 initial 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 the company’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 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 equities research analysts have recently commented on TTAM shares. Citigroup initiated coverage on shares of Titan America in a report on Tuesday, March 4th. They set a “buy” rating and a $19.00 price target for the company. Stifel Nicolaus assumed coverage on shares of Titan America in a research note on Tuesday, March 4th. They issued a “buy” rating and a $19.00 target price on the stock. The Goldman Sachs Group assumed coverage on Titan America in a research report on Tuesday, March 4th. They set a “neutral” rating and a $19.00 price objective for the company. BNP Paribas raised Titan America to a “hold” rating in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein initiated coverage on shares of Titan America in a report on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price objective for the company. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.36.

Titan America Stock Performance

Shares of TTAM opened at $13.51 on Tuesday. Titan America has a one year low of $12.89 and a one year 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.