Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on SkyWest (SKYW), NGL Energy Partners (NGL) and Cummins (CMI).
SkyWest (SKYW)
In a report released today, Savanthi Syth from Raymond James reiterated a Buy rating on SkyWest, with a price target of $56.00. The company’s shares closed last Friday at $42.75.
According to TipRanks.com, Syth is a 4-star analyst with an average return of 9.8% and a 55.2% success rate. Syth covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Allegiant Travel Company, and Southwest Airlines.
Currently, the analyst consensus on SkyWest is a Strong Buy with an average price target of $51.50.
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NGL Energy Partners (NGL)
Raymond James analyst Justin Jenkins maintained a Hold rating on NGL Energy Partners yesterday. The company’s shares closed last Friday at $2.72, close to its 52-week low of $1.15.
According to TipRanks.com, Jenkins is a 4-star analyst with an average return of 3.7% and a 57.5% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Crossamerica Partners, and Phillips 66 Partners.
Currently, the analyst consensus on NGL Energy Partners is a Hold with an average price target of $3.00.
Cummins (CMI)
Raymond James analyst Felix Boeschen reiterated a Hold rating on Cummins today. The company’s shares closed last Friday at $232.48, close to its 52-week high of $254.13.
According to TipRanks.com, Boeschen is a 4-star analyst with an average return of 19.0% and a 81.0% success rate. Boeschen covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings, Wabash National, and Federal Signal.
Cummins has an analyst consensus of Hold, with a price target consensus of $244.88, a 5.5% upside from current levels. In a report issued on January 22, Morgan Stanley also maintained a Hold rating on the stock with a $251.00 price target.
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