Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Fluor Corp (NYSE:FLR) and Noble Corp (NYSE:NE).
Fluor Corp (FLR)
In a report released yesterday, Jamie Cook from Credit Suisse maintained a Buy rating on Fluor Corp, with a price target of $74. The company’s shares closed yesterday at $45.97.
According to TipRanks.com, Cook is a 4-star analyst with an average return of 6.4% and a 54.9% success rate. Cook covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Illinois Tool Works, and Parker Hannifin.
Currently, the analyst consensus on Fluor Corp is a Strong Buy with an average price target of $62.13, representing a 35.2% upside. In a report issued on October 18, Goldman Sachs also upgraded the stock to Buy with a $59 price target.
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Noble Corp (NE)
Credit Suisse analyst James Wicklund maintained a Hold rating on Noble Corp yesterday and set a price target of $6. The company’s shares closed yesterday at $4.87.
According to TipRanks.com, Wicklund is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.9% and a 29.4% success rate. Wicklund covers the Basic Materials sector, focusing on stocks such as Oil States International, C&J Energy Services Inc, and US Silica Holdings.
Currently, the analyst consensus on Noble Corp is a Hold with an average price target of $6.73.
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