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Analysts Conflicted on These Materials Names: Rayonier Advanced Materials (RYAM), MP Materials (MP) and Albemarle (ALB)

Tipranks - Fri Mar 6, 6:30AM CST

Analysts have been eager to weigh in on the Materials sector with new ratings on Rayonier Advanced Materials (RYAMResearch Report), MP Materials (MPResearch Report) and Albemarle (ALBResearch Report).

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Rayonier Advanced Materials (RYAM)

In a report released yesterday, Matt McKellar from RBC Capital maintained a Buy rating on Rayonier Advanced Materials, with a price target of $14.00. The company’s shares closed last Wednesday at $10.92.

According to TipRanks.com, McKellar is a 3-star analyst with an average return of 4.5% and a 44.4% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co, Mercer International, and Clearwater Paper. ;'>

Rayonier Advanced Materials has an analyst consensus of Moderate Buy, with a price target consensus of $14.00.

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MP Materials (MP)

BMO Capital analyst Raj Ray maintained a Buy rating on MP Materials today and set a price target of $75.00. The company’s shares closed last Wednesday at $61.61.

According to TipRanks.com, Ray is a 5-star analyst with an average return of 36.0% and a 72.5% success rate. Ray covers the Basic Materials sector, focusing on stocks such as Sayona Mining Limited Unsponsored ADR, Novagold Resources New, and Harmony Gold Mining. ;'>

MP Materials has an analyst consensus of Strong Buy, with a price target consensus of $78.00, implying a 25.8% upside from current levels. In a report issued on February 18, D.A. Davidson also maintained a Buy rating on the stock with a $82.00 price target.

Albemarle (ALB)

In a report released today, Michael Sison from Wells Fargo maintained a Hold rating on Albemarle, with a price target of $165.00. The company’s shares closed last Wednesday at $168.35.

According to TipRanks.com, Sison is a 1-star analyst with an average return of -0.8% and a 45.1% success rate. Sison covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Albemarle with a $189.44 average price target, which is an 11.2% upside from current levels. In a report released today, TipRanks – Google also downgraded the stock to Hold with a $180.00 price target.

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