Analysts have been eager to weigh in on the Materials sector with new ratings on Louisiana-Pacific (LPX) and Forterra Inc (FRTA).
Louisiana-Pacific (LPX)
In a report issued on August 6, Paul Quinn from RBC Capital reiterated a Buy rating on Louisiana-Pacific, with a price target of $30. The company’s shares opened today at $22.60.
According to TipRanks.com, Quinn is a 5-star analyst with an average return of 10.1% and a 59.6% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Mercer International Inc, Clearwater Paper, and Resolute Forest.
Louisiana-Pacific has an analyst consensus of Moderate Buy, with a price target consensus of $28, representing a 23.9% upside. In a report released yesterday, Longbow Research also maintained a Buy rating on the stock with a $28 price target.
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Forterra Inc (FRTA)
RBC Capital analyst Michael Dahl maintained a Hold rating on Forterra Inc on August 6 and set a price target of $6. The company’s shares opened today at $6.24.
According to TipRanks.com, Dahl is a 1-star analyst with an average return of -1.8% and a 53.8% success rate. Dahl covers the Consumer Goods sector, focusing on stocks such as Skyline Champion Corporation, Mohawk Industries, and Taylor Morrison.
Forterra Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7.
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