Analysts have been eager to weigh in on the Materials sector with new ratings on Nexa Resources SA (NEXA – Research Report), Summit Materials (SUM – Research Report) and Albemarle (ALB – Research Report).
Nexa Resources SA (NEXA)
Scotiabank analyst Orest Wowkodaw maintained a Sell rating on Nexa Resources SA today and set a price target of $6.00. The company’s shares closed last Friday at $7.33, close to its 52-week high of $7.62.
According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Nexa Resources SA with a $7.08 average price target, representing a -3.1% downside. In a report issued on May 3, Bank of America Securities also maintained a Sell rating on the stock with a $7.50 price target.
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Summit Materials (SUM)
D.A. Davidson analyst Brent Thielman maintained a Hold rating on Summit Materials today and set a price target of $44.00. The company’s shares closed last Friday at $39.46.
According to TipRanks.com, Thielman is a top 100 analyst with an average return of
Currently, the analyst consensus on Summit Materials is a Moderate Buy with an average price target of $48.20, which is a 21.5% upside from current levels. In a report issued on May 2, RBC Capital also maintained a Hold rating on the stock with a $46.00 price target.
Albemarle (ALB)
In a report released today, Ben Isaacson from Scotiabank maintained a Buy rating on Albemarle, with a price target of $150.00. The company’s shares closed last Friday at $128.10, close to its 52-week low of $106.69.
According to TipRanks.com, Isaacson is a 4-star analyst with an average return of
Albemarle has an analyst consensus of Moderate Buy, with a price target consensus of $145.63, which is a 13.7% upside from current levels. In a report issued on May 3, KeyBanc also reiterated a Buy rating on the stock with a $159.00 price target.
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