Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Freeport-McMoRan (FCX) and RPC Inc (RES).
Freeport-McMoRan (FCX)
BMO Capital analyst David Gagliano maintained a Hold rating on Freeport-McMoRan today and set a price target of $12.00. The company’s shares closed last Monday at $10.17.
According to TipRanks.com, Gagliano is a 3-star analyst with an average return of 1.8% and a 46.7% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, United States Steel, and AK Steel Holding.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Freeport-McMoRan with a $12.67 average price target.
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RPC Inc (RES)
In a report released today, Judson Bailey from Wells Fargo maintained a Sell rating on RPC Inc, with a price target of $3.50. The company’s shares closed last Monday at $4.61, close to its 52-week low of $4.32.
According to TipRanks.com, Bailey has 0 stars on 0-5 star ranking scale with an average return of -11.3% and a 30.0% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Select Energy Services Inc, Ranger Energy Services Inc, and Oil States International.
Currently, the analyst consensus on RPC Inc is a Hold with an average price target of $5.52, implying a 26.3% upside from current levels. In a report issued on October 9, Citigroup also maintained a Sell rating on the stock with a $4.80 price target.
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