Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Diamondback (FANG) and Franco Nev Corp (FNV).
Diamondback (FANG)
J.P. Morgan analyst Michael Glick maintained a Buy rating on Diamondback today and set a price target of $149. The company’s shares closed last Monday at $99.94.
According to TipRanks.com, Glick is a 1-star analyst with an average return of -1.4% and a 40.3% success rate. Glick covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Matador Resources, and Laredo Petroleum.
Currently, the analyst consensus on Diamondback is a Strong Buy with an average price target of $150.80, representing a 55.4% upside. In a report issued on July 30, Williams Capital also reiterated a Buy rating on the stock with a $165 price target.
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Franco Nev Corp (FNV)
In a report released today, Chris Terry from Deutsche Bank maintained a Hold rating on Franco Nev Corp, with a price target of $88. The company’s shares closed last Monday at $93.29, close to its 52-week high of $96.49.
According to TipRanks.com, Terry is a 3-star analyst with an average return of 1.6% and a 53.2% success rate. Terry covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Wheaton Precious Metals Corp, and Newmont Mining Corporation.
Franco Nev Corp has an analyst consensus of Hold, with a price target consensus of $88.33, which is a -7.6% downside from current levels. In a report issued on August 8, RBC Capital also reiterated a Hold rating on the stock.
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