This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Industrial Goods Companies: Construction Partners (ROAD), Ametek (AME) and Northrop Grumman (NOC)

Tipranks - Tue May 12, 10:04AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Construction Partners (ROAD), Ametek (AME) and Northrop Grumman (NOC) with bullish sentiments.

Claim 55% Off TipRanks

Construction Partners (ROAD)

In a report released today, Michael Feniger from Bank of America Securities maintained a Buy rating on Construction Partners. The company’s shares closed last Monday at $140.09.

According to TipRanks.com, Feniger is a 5-star analyst with an average return of 10.1% and a 61.3% success rate. Feniger covers the Industrial Goods sector, focusing on stocks such as Republic Services, GFL Environmental, and Jacobs Solutions. ;'>

Currently, the analyst consensus on Construction Partners is a Strong Buy with an average price target of $148.00, implying a 4.6% upside from current levels. In a report issued on April 26, TipRanks – Google also upgraded the stock to Buy with a $134.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Ametek (AME)

Bank of America Securities analyst Andrew Obin maintained a Buy rating on Ametek today. The company’s shares closed last Monday at $231.56.

According to TipRanks.com, Obin is a top 100 analyst with an average return of 21.2% and a 68.9% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Applied Industrial Technologies, and Montrose Environmental Group. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ametek with a $255.67 average price target, a 9.7% upside from current levels. In a report issued on May 9, TipRanks – PerPlexity also upgraded the stock to Buy with a $261.00 price target.

Northrop Grumman (NOC)

Bank of America Securities analyst Ronald Epstein maintained a Buy rating on Northrop Grumman today. The company’s shares closed last Monday at $551.36, close to its 52-week high of $555.57.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 20.2% and a 62.6% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as BETA Technologies, Inc. Class A, L3Harris Technologies, and Huntington Ingalls. ;'>

Northrop Grumman has an analyst consensus of Moderate Buy, with a price target consensus of $727.08, a 33.2% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $621.00 price target.

Read More on ROAD:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.