There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on IAMGOLD Corp (IAG), Quanta Services (PWR) and Transocean LTD (RIG) with bullish sentiments.
IAMGOLD Corp (IAG)
In a report released yesterday, Fahad Tariq from Credit Suisse maintained a Buy rating on IAMGOLD Corp, with a price target of $6. The company’s shares closed yesterday at $3.52.
Tariq has an average return of 11.1% when recommending IAMGOLD Corp.
According to TipRanks.com, Tariq is ranked #1246 out of 5188 analysts.
IAMGOLD Corp has an analyst consensus of Moderate Buy, with a price target consensus of $5.
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Quanta Services (PWR)
Credit Suisse analyst Jamie Cook maintained a Buy rating on Quanta Services yesterday and set a price target of $41. The company’s shares closed yesterday at $36.18, close to its 52-week high of $37.44.
According to TipRanks.com, Cook is a 4-star analyst with an average return of 6.5% and a 58.9% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and Fluor Corp.
Quanta Services has an analyst consensus of Moderate Buy, with a price target consensus of $45.
Transocean LTD (RIG)
In a report released yesterday, James Wicklund from Credit Suisse maintained a Buy rating on Transocean LTD, with a price target of $13. The company’s shares closed yesterday at $8.50.
According to TipRanks.com, Wicklund has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.5% and a 34.2% success rate. Wicklund covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Ncs Multistage Holdings Inc, and Select Energy Services Inc.
Transocean LTD has an analyst consensus of Strong Buy, with a price target consensus of $11.67, which is a 37.3% upside from current levels. In a report issued on February 20, Barclays also upgraded the stock to Buy with a $10 price target.
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