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Analysts Offer Insights on Materials Companies: Iluka Resources Limited (OtherILKAF) and PPG Industries (PPG)

Tipranks - Tipranks - Fri Apr 17, 7:18AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Iluka Resources Limited (ILKAF) and PPG Industries (PPG).

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Iluka Resources Limited (ILKAF)

In a report released yesterday, Jonathan Sharp from J.P. Morgan maintained a Hold rating on Iluka Resources Limited, with a price target of A$7.30. The company’s shares closed last Wednesday at $5.30, close to its 52-week high of $5.32.

According to TipRanks.com, Sharp is a 5-star analyst with an average return of 40.2% and a 66.7% success rate. Sharp covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Ramelius Resources Limited, and Regis Resources Limited. ;'>

Iluka Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $5.01, a -7.2% downside from current levels. In a report issued on April 9, TipRanks – OpenAI also reiterated a Hold rating on the stock with a A$7.00 price target.

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PPG Industries (PPG)

In a report released today, John McNulty from BMO Capital maintained a Buy rating on PPG Industries, with a price target of $135.00. The company’s shares closed last Wednesday at $107.72, close to its 52-week low of $105.64.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 3.9% and a 50.7% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems. ;'>

Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $121.86, a 10.9% upside from current levels. In a report issued on April 9, Wells Fargo also reiterated a Buy rating on the stock with a $130.00 price target.

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