Analysts Conflicted on These Materials Names: Avery Dennison (AVY), TRONOX (TROX) and NexGel Inc (NXGL)

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 -5.1% and a 47.7% success rate. Josephson covers the Basic Materials sector, focusing on stocks such as International Paper Co, Graphic Packaging, and Clearwater Paper.

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 5.0% and a 45.5% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Westlake Chemical, Chemours Company, and LyondellBasell.

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 -40.2% and a 15.5% success rate. Rahman covers the Healthcare sector, focusing on stocks such as Clarus Therapeutics Holdings, Neurosense Therapeutics Ltd., and Processa Pharmaceuticals.

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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