Analysts Conflictied on These Conglomerates Names: TPI Composites Inc (NASDAQ: TPIC) and Fluor Corp. (NYSE: FLR)By Austin Angelo
Analysts have been eager to weigh in on the Conglomerates sector with new ratings on TPI Composites Inc (NASDAQ: TPIC) and Fluor Corp. (NYSE: FLR).
TPI Composites Inc (NASDAQ: TPIC)
“We expect solid results for the quarter & in-line outlook, as the ramps at Mexico/Turkey impact near-term EBITDA Q/Q, while the Street likely focuses on diversification efforts/ intensity, given the GE insourcing news. Overall, at current levels, we find sentiment perhaps a bit too bearish for the quarter/outlook and would be adding to positions here.”
According to TipRanks.com, Quealy is a 3-star analyst with an average return of 0.8% and a 41.9% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Lsi Industries Inc.
TPI Composites Inc has an analyst consensus of Strong Buy.
Fluor Corp. (NYSE: FLR)
“We are reiterating our HOLD rating and US$48.00 price target on Fluor shares following its 2016 Investor Day held yesterday afternoon in New York City.”
According to TipRanks.com, Lynk is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Lynk covers the Basic Materials sector, focusing on stocks such as Badger Daylighting Ltd., North American Energy, and Enterprise Products.
Currently, the analyst consensus on Fluor Corp. is Hold and the average price target is $49, representing a 10.5% upside.
In a report issued on November 4, Macquarie also downgraded the stock to Hold.