Analysts have been eager to weigh in on the Materials sector with new ratings on PPG Industries (NYSE:PPG), USG Corp (NYSE:USG) and TechnipFMC PLC (NYSE:FTI).
PPG Industries (PPG)
In a report issued on October 25, Chris Parkinson from Credit Suisse maintained a Hold rating on PPG Industries, with a price target of $115. The company’s shares opened today at $102.98.
Parkinson has an average return of 6.2% when recommending PPG Industries.
According to TipRanks.com, Parkinson is ranked #3934 out of 4873 analysts.
Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $112.08, representing an 8.8% upside. In a report issued on October 10, Barclays also maintained a Hold rating on the stock with a $109 price target.
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USG Corp (USG)
Credit Suisse analyst Susan Maklari maintained a Hold rating on USG Corp on October 25 and set a price target of $44. The company’s shares opened today at $42.12, close to its 52-week high of $43.47.
According to TipRanks.com, Maklari has 0 stars on 0-5 star ranking scale with an average return of -8.5% and a 38.9% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker Inc, Green Brick Partners, and Mohawk Industries.
The word on The Street in general, suggests a Hold analyst consensus rating for USG Corp with a $44 average price target.
TechnipFMC PLC (FTI)
Credit Suisse analyst James Wicklund maintained a Buy rating on TechnipFMC PLC on October 26 and set a price target of $29. The company’s shares opened today at $25.55, close to its 52-week low of $25.36.
According to TipRanks.com, Wicklund ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.4% and a 28.1% 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.
TechnipFMC PLC has an analyst consensus of Strong Buy, with a price target consensus of $35.20, a 37.8% upside from current levels. In a report issued on October 26, RBC Capital also maintained a Buy rating on the stock with a $32 price target.
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