TTR is not only getting more analyst coverage, but those analyst's are coming in with upgraded target prices. Always nice to hear that analyst's are confirming what I suspected a few months ago when I initiated a position in Titanium Transportation. GLTA
Here's the link:
Tuesday Analyst Upgrades and Downgrades Seeing it “at an inflection point,” Paradigm Capital analyst Corey Hammill initiated coverage of Titanium Transportation Group Inc. with a “buy” rating.
“After building a strong foundation in a huge industry, the company enjoyed organic growth through a rapid U.S. expansion strategy in its asset-light logistics business, and an increasingly large appetite for growth through acquisition in its Canadian asset-based trucking segment,” he said. “What makes TTR unique is its grasp on technology. The company is a leader in the use and integration of the latest technologies which are enhancing efficiencies, unlike many of its peers.”
Mr. Hammill set a target of $6 per share, exceeding the $5.38 average.
“Given the growth trajectory, plan for additional U.S. locations and the possibility of future acquisitions, we think $500 million in revenue is achievable by 2023, which we estimate could support a $7.50 share price,” he said. “Titanium is built to be a consolidator in the Canadian trucking industry, leveraging its intense focus on technology to drive efficiency while simultaneously growing its logistics business, offering a great cash flow stream, with limited upfront investment. The stock trades at a discount to the broad transportation group, and long term we think Titanium will be a logical takeout candidate for a large transportation company.”