Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Avery Dennison (AVY – Research Report), TRONOX (TROX – Research Report) and NexGel Inc (NXGL – Research Report).
Avery Dennison (AVY)
In a report released today, Adam Josephson from KeyBanc maintained a Hold rating on Avery Dennison. The company’s shares closed last Wednesday at $163.24, close to its 52-week low of $151.62.
According to TipRanks.com, Josephson is a 1-star analyst with an average return of
Currently, the analyst consensus on Avery Dennison is a Moderate Buy with an average price target of $209.89, which is a 19.8% upside from current levels. In a report issued on October 13, Bank of America Securities also downgraded the stock to Hold with a $172.00 price target.
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TRONOX (TROX)
Alembic Global analyst Hassan Ahmed maintained a Buy rating on TRONOX today and set a price target of $27.00. The company’s shares closed last Wednesday at $13.15, close to its 52-week low of $11.14.
According to TipRanks.com, Ahmed is a 4-star analyst with an average return of
Currently, the analyst consensus on TRONOX is a Strong Buy with an average price target of $19.33, which is a 41.9% upside from current levels. In a report issued on October 11, UBS also maintained a Buy rating on the stock with a $18.00 price target.
NexGel Inc (NXGL)
Maxim Group analyst Naz Rahman maintained a Buy rating on NexGel Inc yesterday and set a price target of $5.00. The company’s shares closed last Wednesday at $1.43, close to its 52-week low of $1.31.
According to TipRanks.com, Rahman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NexGel Inc with a $5.00 average price target.
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