Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Summit Materials (SUM – Research Report), Axalta Coating Systems (AXTA – Research Report) and Lundin Mining (LUNMF – Research Report).
Summit Materials (SUM)
RBC Capital analyst Michael Dahl maintained a Hold rating on Summit Materials yesterday and set a price target of $46.00. The company’s shares closed last Thursday at $39.10.
According to TipRanks.com, Dahl is a 5-star analyst with an average return of
Summit Materials has an analyst consensus of Moderate Buy, with a price target consensus of $47.88, implying a 25.8% upside from current levels. In a report released yesterday, Barclays also maintained a Hold rating on the stock with a $45.00 price target.
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Axalta Coating Systems (AXTA)
In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Buy rating on Axalta Coating Systems, with a price target of $42.00. The company’s shares closed last Thursday at $34.83, close to its 52-week high of $34.95.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of
Currently, the analyst consensus on Axalta Coating Systems is a Strong Buy with an average price target of $40.08, which is a 15.2% upside from current levels. In a report issued on May 1, Wells Fargo also upgraded the stock to Buy with a $42.00 price target.
Lundin Mining (LUNMF)
RBC Capital analyst Sam Crittenden reiterated a Hold rating on Lundin Mining yesterday and set a price target of C$17.00. The company’s shares closed last Thursday at $11.00.
According to TipRanks.com, Crittenden is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lundin Mining with a $11.30 average price target, which is a 2.7% upside from current levels. In a report issued on April 22, Eight Capital also downgraded the stock to Hold with a C$16.00 price target.
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Read More on SUM:
- Summit Materials raises FY24 synergy target to ‘at least’ $40M
- Summit Materials sees FY24 adjusted EBITDA ~$970M-$1.01B
- Summit Materials reports Q1 adjusted EPS (12c), consensus (23c)
- Summit Materials, Inc. Reports First Quarter 2024 Results
- Summit Materials management to meet virtually with Loop Capital
