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Analysts Offer Insights on Materials Companies: Albemarle (ALB), PLS Group (OtherPILBF) and Ternium SA (TX)

Tipranks - Wed Jun 24, 7:32AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Albemarle (ALB), PLS Group (PILBF) and Ternium SA (TX).

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Albemarle (ALB)

In a report released yesterday, Jeffrey Zekauskas from J.P. Morgan maintained a Hold rating on Albemarle, with a price target of $160.00. The company’s shares closed last Monday at $156.69.

According to TipRanks.com, Zekauskas is a 4-star analyst with an average return of 3.4% and a 54.1% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Compass Minerals International, and Scotts Miracle-Gro Company. ;'>

Currently, the analyst consensus on Albemarle is a Moderate Buy with an average price target of $217.89, implying a 35.9% upside from current levels. In a report issued on June 8, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $168.00 price target.

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PLS Group (PILBF)

J.P. Morgan analyst Lyndon Fagan maintained a Buy rating on PLS Group yesterday and set a price target of A$7.70. The company’s shares closed last Monday at $3.86.

According to TipRanks.com, Fagan is a 5-star analyst with an average return of 11.4% and a 63.9% success rate. Fagan covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, Rio Tinto Limited, and Capstone Copper. ;'>

PLS Group has an analyst consensus of Moderate Buy, with a price target consensus of $4.19, a 7.2% upside from current levels. In a report issued on June 16, Macquarie also maintained a Buy rating on the stock with a A$6.50 price target.

Ternium SA (TX)

J.P. Morgan analyst Rodolfo Angele maintained a Buy rating on Ternium SA yesterday and set a price target of $60.50. The company’s shares closed last Monday at $46.63.

According to TipRanks.com, Angele is a 4-star analyst with an average return of 6.2% and a 48.9% success rate. Angele covers the Basic Materials sector, focusing on stocks such as Southern Copper, Grupo Mexico, and Gerdau SA. ;'>

Currently, the analyst consensus on Ternium SA is a Moderate Buy with an average price target of $50.19.

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