Companies in the Materials sector have received a lot of coverage today as analysts weigh in on PPG Industries (PPG – Research Report), Arizona Metals (AZMCF – Research Report) and Steel Dynamics (STLD – Research Report).
PPG Industries (PPG)
BMO Capital analyst John McNulty reiterated a Buy rating on PPG Industries yesterday and set a price target of $165.00. The company’s shares closed last Thursday at $124.34.
According to TipRanks.com, McNulty is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PPG Industries with a $156.67 average price target, which is a 24.3% upside from current levels. In a report issued on October 11, Barclays also upgraded the stock to Buy with a $160.00 price target.
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Arizona Metals (AZMCF)
Scotiabank analyst Eric Winmill maintained a Buy rating on Arizona Metals today and set a price target of C$5.00. The company’s shares closed last Thursday at $1.92, close to its 52-week low of $1.81.
According to TipRanks.com, Winmill is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arizona Metals with a $4.55 average price target.
Steel Dynamics (STLD)
BMO Capital analyst Katja Jancic maintained a Hold rating on Steel Dynamics yesterday and set a price target of $107.00. The company’s shares closed last Thursday at $99.20.
According to TipRanks.com, Jancic is a 3-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Steel Dynamics with a $109.80 average price target, which is a 4.8% upside from current levels. In a report issued on October 18, Bank of America Securities also maintained a Hold rating on the stock with a $118.00 price target.
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Read More on PPG:
- PPG sees FY23 adjusted EPS $7.58-$7.64, consensus $7.49
- PPG sees Q4 adjusted EPS $1.44-$1.50, consensus $1.48
- PPG reports Q3 adjusted EPS $2.07, consensus $1.94
- PPG Industries options imply 3.5% move in share price post-earnings
- PPG sells Traffic Solutions ops in Australia and New Zealand to Geveko, no terms
