Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Martin Marietta Materials (MLM), Nutrien Ltd (NTR) and Magellan Midstream (MMP).
Martin Marietta Materials (MLM)
In a report issued on July 31, Adam Seiden from Barclays maintained a Hold rating on Martin Marietta Materials, with a price target of $260. The company’s shares closed on Friday at $246.05, close to its 52-week high of $252.08.
According to TipRanks.com, Seiden is a 1-star analyst with an average return of -2.4% and a 52.4% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Terex Corp, and Deere.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Martin Marietta Materials with a $264.33 average price target.
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Nutrien Ltd (NTR)
Barclays analyst Duffy Fischer maintained a Buy rating on Nutrien Ltd on July 31 and set a price target of $65. The company’s shares closed on Friday at $53.52.
According to TipRanks.com, Fischer is a 4-star analyst with an average return of 9.7% and a 56.6% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and DuPont de Nemours, Inc.
Currently, the analyst consensus on Nutrien Ltd is a Strong Buy with an average price target of $61.50, a 14.9% upside from current levels. In a report issued on July 31, Citigroup also maintained a Buy rating on the stock with a $61 price target.
Magellan Midstream (MMP)
Barclays analyst Theresa Chen maintained a Hold rating on Magellan Midstream on August 1 and set a price target of $70. The company’s shares closed on Friday at $66.64.
According to TipRanks.com, Chen is ranked #3154 out of 5237 analysts.
Magellan Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $69.20, representing a 3.8% upside. In a report issued on August 2, Stifel Nicolaus also maintained a Hold rating on the stock with a $68 price target.
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