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Analysts Offer Insights on Materials Companies: Fletcher Building Limited (OtherFRCEF) and Rayonier Advanced Materials (RYAM)

Tipranks - Fri Apr 17, 8:56PM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Fletcher Building Limited (FRCEF) and Rayonier Advanced Materials (RYAM).

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Fletcher Building Limited (FRCEF)

In a report released today, Phil Campbell from UBS maintained a Hold rating on Fletcher Building Limited. The company’s shares closed last Tuesday at $1.63, close to its 52-week low of $1.53.

According to TipRanks.com, Campbell is ranked #9662 out of 12196 analysts.

Fletcher Building Limited has an analyst consensus of Hold, with a price target consensus of $1.98.

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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 Thursday at $9.86, close to its 52-week high of $10.28.

According to TipRanks.com, McKellar is a 3-star analyst with an average return of 3.5% and a 40.8% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as James Hardie Industries PLC, West Fraser Timber Co, and Mercer International. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rayonier Advanced Materials with a $14.00 average price target.

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