There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Allegheny Technologies (ATI) and Natural Gas Services Group (NGS) with bullish sentiments.
Allegheny Technologies (ATI)
In a report issued on March 8, David E. Strauss from Barclays maintained a Buy rating on Allegheny Technologies. The company’s shares opened today at $25.95.
According to TipRanks.com, Strauss is a 4-star analyst with an average return of 7.9% and a 63.1% success rate. Strauss covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and L3 Technologies Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Allegheny Technologies with a $34.75 average price target.
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Natural Gas Services Group (NGS)
In a report released today, Tate Sullivan from Maxim Group maintained a Buy rating on Natural Gas Services Group, with a price target of $24. The company’s shares opened today at $18.56.
Sullivan observed:
“We expect NGS’ comments on tomorrow’s earnings conference call at 11am ET about deploying new and larger natural gas compressors will increase confidence about an earnings rebound after NGS’ quarterly operating EPS ranged between $0.02 and $0.04 in 2017 and 2018.”
According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 5.1% and a 69.2% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Emcor Group, Tetra Tech, and Aegion.
Currently, the analyst consensus on Natural Gas Services Group is a Moderate Buy with an average price target of $24.
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