Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Algoma Steel Group (ASTL – Research Report), Magna International (MGA – Research Report) and Teleflex (TFX – Research Report).
Algoma Steel Group (ASTL)
BMO Capital analyst Katja Jancic maintained a Buy rating on Algoma Steel Group on November 3 and set a price target of C$14.00. The company’s shares closed last Friday at $7.39.
According to TipRanks.com, Jancic 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 Algoma Steel Group with a $10.62 average price target, which is a 48.5% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a C$15.00 price target.
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Magna International (MGA)
In a report issued on November 3, Tamy Chen from BMO Capital maintained a Buy rating on Magna International, with a price target of C$67.00. The company’s shares closed last Friday at $53.51.
According to TipRanks.com, Chen is ranked #6605 out of 8601 analysts.
Currently, the analyst consensus on Magna International is a Moderate Buy with an average price target of $64.46, representing a 19.9% upside. In a report issued on October 19, J.P. Morgan also maintained a Buy rating on the stock with a $78.00 price target.
Teleflex (TFX)
Piper Sandler analyst Matthew O’Brien maintained a Hold rating on Teleflex today and set a price target of $225.00. The company’s shares closed last Friday at $211.03.
According to TipRanks.com, O’Brien is a 3-star analyst with an average return of
Teleflex has an analyst consensus of Moderate Buy, with a price target consensus of $240.00, which is a 13.3% upside from current levels. In a report issued on November 3, Mizuho Securities also assigned a Hold rating to the stock with a $235.00 price target.
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Read More on ASTL:
- Algoma Steel Group Reports Fiscal Second Quarter 2024 Financial Results
- Algoma Steel reports Q2 EPS 24c, two estimates 29c
- Seaport Research flat-rolled steel analyst hold analyst/industry conference call
- Algoma Steel to Announce Fiscal 2024 Second Quarter Results November 2, 2023
- Algoma Steel management to meet with B. Riley
