Analysts Have Conflicting Sentiments on These Materials Companies: Axalta Coating Systems (AXTA), Danimer Scientific (DNMR) and New Gold (NGD)

Analysts have been eager to weigh in on the Materials sector with new ratings on Axalta Coating Systems (AXTA – Research Report), Danimer Scientific (DNMR – Research Report) and New Gold (NGD – Research Report).

Axalta Coating Systems (AXTA)

In a report issued on May 15, John Roberts CFA from Mizuho Securities maintained a Buy rating on Axalta Coating Systems, with a price target of $38.00. The company’s shares closed last Friday at $35.64, close to its 52-week high of $36.76.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 5.9% and a 61.8% success rate. CFA covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company.

Currently, the analyst consensus on Axalta Coating Systems is a Strong Buy with an average price target of $40.33, representing a 13.3% upside. In a report issued on May 1, Wells Fargo also upgraded the stock to Buy with a $42.00 price target.

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Danimer Scientific (DNMR)

In a report released today, Charles Neivert from Piper Sandler maintained a Hold rating on Danimer Scientific, with a price target of $1.25. The company’s shares closed last Friday at $0.79, close to its 52-week low of $0.60.

According to TipRanks.com, Neivert is a 1-star analyst with an average return of -1.1% and a 45.5% success rate. Neivert covers the Basic Materials sector, focusing on stocks such as Cf Industries Holdings, Westlake Chemical, and Eastman Chemical.

Danimer Scientific has an analyst consensus of Moderate Buy, with a price target consensus of $1.52.

New Gold (NGD)

According to TipRanks.com, Siperco is a 4-star analyst with an average return of 7.3% and a 53.3% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Novagold Resources New, Hecla Mining Company, and Pan American Silver.

Currently, the analyst consensus on New Gold is a Moderate Buy with an average price target of $2.26, representing a 17.7% upside. In a report issued on May 17, National Bank also upgraded the stock to Buy with a C$3.50 price target.

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Read More on AXTA:

• Axalta Coating presents three-year plan at Strategy Day
• Axalta Coating to acquire The CoverFlexx Group for initial $285M consideration
• Axalta Coating to acquire automotive coatings company CoverFlexx
• Axalta Coating Systems Announces CoverFlexx Group Acquisition
• Axalta to Acquire The CoverFlexx Group, a Leading Aftermarket Coatings Business Focused on Economy Customers in North America