Analysts Offer Insights on Materials Companies: Methanex (MEOH), Teck Resources (TECK) and Air Products and Chemicals (APD)
There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Methanex (MEOH – Research Report), Teck Resources (TECK – Research Report) and Air Products and Chemicals (APD – Research Report) with bullish sentiments.
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Methanex (MEOH)
In a report released yesterday, Nelson Ng from RBC Capital reiterated a Buy rating on Methanex, with a price target of $55.00. The company’s shares closed last Friday at $47.72.
According to TipRanks.com, Ng is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Methanex with a $53.57 average price target, which is an 11.6% upside from current levels. In a report issued on January 21, Scotiabank also maintained a Buy rating on the stock with a $60.00 price target.
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Teck Resources (TECK)
Teck Resources received a Buy rating from Citi analyst Alexander Hacking today. The company’s shares closed last Friday at $53.76, close to its 52-week high of $55.13.
According to TipRanks.com, Hacking is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Teck Resources with a $53.19 average price target, a -4.6% downside from current levels. In a report issued on January 19, TipRanks – Google also upgraded the stock to Buy with a C$78.00 price target.
Air Products and Chemicals (APD)
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Air Products and Chemicals yesterday and set a price target of $325.00. The company’s shares closed last Friday at $272.50.
According to TipRanks.com, Viswanathan is a 3-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Air Products and Chemicals with a $287.00 average price target, implying a 7.3% upside from current levels. In a report issued on January 31, TipRanks – Google also upgraded the stock to Buy with a $301.00 price target.
