Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Anadarko Petroleum (NYSE:APC) and Andeavor (NYSE:ANDV).
Anadarko Petroleum (APC)
In a report issued on July 9, Scott Hanold from RBC Capital reiterated a Buy rating on Anadarko Petroleum, with a price target of $88. The company’s shares closed yesterday at $73.69, close to its 52-week high of $76.70.
Hanold has an average return of 23.3% when recommending Anadarko Petroleum.
According to TipRanks.com, Hanold is ranked #1205 out of 4842 analysts.
Anadarko Petroleum has an analyst consensus of Moderate Buy, with a price target consensus of $81.89, an 11.1% upside from current levels. In a report issued on July 2, Credit Suisse also reiterated a Buy rating on the stock with a $84 price target.
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Andeavor (ANDV)
In a report issued on July 11, Brad Heffern from RBC Capital reiterated a Hold rating on Andeavor, with a price target of $137. The company’s shares closed yesterday at $133.68.
According to TipRanks.com, Heffern is a top 100 analyst with an average return of 31.8% and a 79.1% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Sanchez Energy Corporation, and Continental Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for Andeavor with a $158 average price target.
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