Analyst Gianluca Tucci of Haywood reiterated a Buy rating on Titanium Transportation (TTNM – Research Report), reducing the price target to C$3.00.
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Gianluca Tucci has given his Buy rating due to a combination of factors including Titanium Transportation’s performance and strategic positioning. The company reported better-than-expected results for the fourth quarter of 2024, demonstrating resilience in a challenging market environment marked by tariff uncertainties. Despite these external challenges, Titanium’s ability to manage its capital expenditure effectively and maintain healthy free cash flow, with $34.6 million reported in 2024, positions it well for future stability.
Additionally, the company has been successful in reducing its net debt by $29.9 million, and this trend is expected to continue into 2025, aided by the suspension of dividends which provides further financial flexibility. The logistics segment of the business is showing strong growth, with a 25% increase in volume and an 18% rise in revenue year-over-year. Furthermore, the expansion of brokerage offices in Virginia and Texas is anticipated to support continued high return on invested capital through organic growth, reinforcing the positive outlook for Titanium Transportation.
According to TipRanks, Tucci is a 4-star analyst with an average return of 8.8% and a 59.20% success rate.