Analysts have been eager to weigh in on the Materials sector with new ratings on Enviva (EVA) and Vulcan Materials (VMC).
Enviva (EVA)
Raymond James analyst Pavel Molchanov reiterated a Buy rating on Enviva today and set a price target of $57.00. The company’s shares closed last Monday at $48.25.
According to TipRanks.com, Molchanov is a 5-star analyst with an average return of 14.9% and a 59.4% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Maxeon Solar Technologies, Nextera Energy Partners, and Clean Energy Fuels.
Currently, the analyst consensus on Enviva is a Strong Buy with an average price target of $60.67, implying a 25.7% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $65.00 price target.
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Vulcan Materials (VMC)
Raymond James analyst Joshua Wilson maintained a Hold rating on Vulcan Materials yesterday. The company’s shares closed last Monday at $177.96.
According to TipRanks.com, Wilson is a 5-star analyst with an average return of 59.4% and a 75.6% success rate. Wilson covers the Industrial Goods sector, focusing on stocks such as Construction Partners, Tecnoglass, and PGT.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vulcan Materials with a $193.67 average price target, which is a 7.3% upside from current levels. In a report issued on May 26, J.P. Morgan also maintained a Hold rating on the stock with a $190.00 price target.
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