Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Antero Midstream Partners (NYSE:AM), Summit Materials (NYSE:SUM) and Magellan Midstream (NYSE:MMP).
Antero Midstream Partners (AM)
In a report released yesterday, Timothy Howard from Stifel Nicolaus downgraded Antero Midstream Partners to Hold, with a price target of $35. The company’s shares closed yesterday at $33.89, close to its 52-week high of $34.54.
According to TipRanks.com, Howard is a 1-star analyst with an average return of -4.7% and a 37.5% success rate. Howard covers the Basic Materials sector, focusing on stocks such as EnLink Midstream Partners, Black Stone Minerals, and Dominion Midstream.
The word on The Street in general, suggests a Hold analyst consensus rating for Antero Midstream Partners with a $35 average price target.
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Summit Materials (SUM)
In a report released yesterday, Stanley Elliott from Stifel Nicolaus reiterated a Buy rating on Summit Materials, with a price target of $34. The company’s shares closed yesterday at $21, close to its 52-week low of $20.50.
According to TipRanks.com, Elliott is a 5-star analyst with an average return of 15.1% and a 67.2% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Astec Industries, and Generac Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Summit Materials with a $32 average price target, representing a 52.4% upside. In a report issued on August 1, Jefferies also reiterated a Buy rating on the stock with a $35 price target.
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Magellan Midstream (MMP)
In a report released yesterday, Selman Akyol from Stifel Nicolaus reiterated a Hold rating on Magellan Midstream, with a price target of $73. The company’s shares closed yesterday at $71.05.
According to TipRanks.com, Akyol is a 4-star analyst with an average return of 2.9% and a 60.8% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and Compressco Partners LP.
Magellan Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $76, a 7.0% upside from current levels. In a report issued on July 18, Jefferies also downgraded the stock to Hold with a $70 price target.
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