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Analysts’ Opinions Are Mixed on These Materials Stocks: Perimeter Solutions (PRM) and Nexa Resources SA (NEXA)

Tipranks - Tue May 12, 5:48AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Perimeter Solutions (PRM) and Nexa Resources SA (NEXA).

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Perimeter Solutions (PRM)

In a report released today, Joe Laetsch from Morgan Stanley reiterated a Buy rating on Perimeter Solutions, with a price target of $40.00. The company’s shares closed last Friday at $31.77.

According to TipRanks.com, Laetsch is a 4-star analyst with an average return of 7.6% and a 63.2% success rate. Laetsch covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Marathon Petroleum, and Nabors Industries. ;'>

Currently, the analyst consensus on Perimeter Solutions is a Moderate Buy with an average price target of $37.00, which is a 22.9% upside from current levels. In a report issued on May 6, TipRanks – Google also upgraded the stock to Buy with a $33.00 price target.

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Nexa Resources SA (NEXA)

Morgan Stanley analyst Carlos De Alba maintained a Hold rating on Nexa Resources SA today and set a price target of $11.50. The company’s shares closed last Friday at $14.33.

According to TipRanks.com, Alba is a 5-star analyst with an average return of 17.3% and a 58.5% success rate. Alba covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Novagold Resources New, and Ramaco Resources. ;'>

Nexa Resources SA has an analyst consensus of Hold, with a price target consensus of $12.21, a -14.6% downside from current levels. In a report issued on May 8, TipRanks – PerPlexity also downgraded the stock to Hold with a $15.50 price target.

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