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Analysts Offer Insights on Industrial Goods Companies: Commercial Metals Company (CMC), Old Dominion Freight (ODFL) and Paccar (PCAR)

Tipranks - Tipranks - Fri Jun 5, 12:28PM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Commercial Metals Company (CMC), Old Dominion Freight (ODFL) and Paccar (PCAR).

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Commercial Metals Company (CMC)

BMO Capital analyst Katja Jancic maintained a Hold rating on Commercial Metals Company today and set a price target of $80.00. The company’s shares closed last Thursday at $76.74.

According to TipRanks.com, Jancic is a 5-star analyst with an average return of 38.6% and a 77.4% success rate. Jancic covers the Basic Materials sector, focusing on stocks such as Algoma Steel Group, Century Aluminum, and Freeport-McMoRan. ;'>

Currently, the analyst consensus on Commercial Metals Company is a Moderate Buy with an average price target of $80.00, which is a 6.4% upside from current levels. In a report issued on May 21, Barclays also initiated coverage with a Hold rating on the stock with a $75.00 price target.

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Old Dominion Freight (ODFL)

Wells Fargo analyst Christian Wetherbee maintained a Hold rating on Old Dominion Freight today and set a price target of $205.00. The company’s shares closed last Thursday at $241.45.

According to TipRanks.com, Wetherbee is a 5-star analyst with an average return of 15.4% and a 63.7% success rate. Wetherbee covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Knight Transportation, and Southwest Airlines. ;'>

Old Dominion Freight has an analyst consensus of Moderate Buy, with a price target consensus of $221.74, implying a -7.5% downside from current levels. In a report issued on May 28, Barclays also maintained a Hold rating on the stock with a $210.00 price target.

Paccar (PCAR)

In a report released today, Tami Zakaria from J.P. Morgan maintained a Buy rating on Paccar, with a price target of $140.00. The company’s shares closed last Thursday at $117.59.

According to TipRanks.com, Zakaria is a 5-star analyst with an average return of 11.2% and a 57.6% success rate. Zakaria covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Custom Truck One Source, and Illinois Tool Works. ;'>

Paccar has an analyst consensus of Moderate Buy, with a price target consensus of $132.11, implying a 14.1% upside from current levels. In a report issued on June 1, Bernstein also maintained a Buy rating on the stock with a $138.00 price target.

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