Analysts have been eager to weigh in on the Materials sector with new ratings on HEXO (HEXO) and Celanese (CE).
HEXO (HEXO)
In a report issued on March 17, W. Andrew Carter from Stifel Nicolaus maintained a Buy rating on HEXO, with a price target of C$13.77. The company’s shares closed last Monday at $6.11.
According to TipRanks.com, Carter is ranked #3212 out of 7257 analysts.
Currently, the analyst consensus on HEXO is a Hold with an average price target of $3.03, representing a -54.1% downside. In a report issued on March 2, Alliance Global Partners also initiated coverage with a Buy rating on the stock.
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Celanese (CE)
Stifel Nicolaus analyst Vincent Anderson maintained a Hold rating on Celanese on March 23 and set a price target of $83.00. The company’s shares closed last Monday at $128.38, close to its 52-week high of $140.09.
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 25.5% and a 72.9% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Huntsman, and Kraton.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celanese with a $134.07 average price target, which is a 2.7% upside from current levels. In a report issued on March 25, KeyBanc also initiated coverage with a Hold rating on the stock.
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