Analysts have been eager to weigh in on the Materials sector with new ratings on Summit Materials (NYSE:SUM) and RPC Inc (NYSE:RES).
Summit Materials (SUM)
D.A. Davidson analyst Brent Thielman maintained a Buy rating on Summit Materials today and set a price target of $28. The company’s shares opened today at $15.38, close to its 52-week low of $15.36.
According to TipRanks.com, Thielman is a 3-star analyst with an average return of 4.9% and a 52.3% success rate. Thielman covers the Basic Materials sector, focusing on stocks such as Martin Marietta Materials, Jacobs Engineering, and Vulcan Materials.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Summit Materials with a $30.25 average price target.
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RPC Inc (RES)
In a report released today, Connor Lynagh from Morgan Stanley maintained a Sell rating on RPC Inc, with a price target of $14. The company’s shares opened today at $15.45.
According to TipRanks.com, Lynagh is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.4% and a 35.3% success rate. Lynagh covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.
Currently, the analyst consensus on RPC Inc is a Hold with an average price target of $15.56.
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