Analysts Offer Insights on Materials Companies: Noble Energy (NYSE: NBL) and First Data Corp (NYSE: FDC)

By Austin Angelo

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Noble Energy (NYSE: NBL) and First Data Corp (NYSE: FDC).

Noble Energy (NYSE: NBL)

In a report released yesterday, Doug Leggate from Merrill Lynch reiterated a Hold rating on Noble Energy (NYSE: NBL), with a price target of $52. The company’s shares opened today at $36.98, close to its 52-week high of $38.62.

According to TipRanks.com, Leggate is a 1-star analyst with an average return of -3.0% and a 47.2% success rate. Leggate covers the Basic Materials sector, focusing on stocks such as Continental Resources, California Resources, and Occidental Petroleum.

Currently, the analyst consensus on Noble Energy is Moderate Buy and the average price target is $43, representing a 16.3% upside.

In a report released today, Seaport Global also downgraded the stock to Hold with a $38 price target.
First Data Corp (NYSE: FDC)

In a report released today, David Ridley Lane from Merrill Lynch reiterated a Buy rating on First Data Corp (NYSE: FDC), with a price target of $18. The company’s shares opened today at $15.30.

According to TipRanks.com, Lane is a 3-star analyst with an average return of 12.1% and a 57.1% success rate. Lane covers the Financial sector, focusing on stocks such as Re/Max Holdings, Kennedy-Wilson, and Realogy.

Currently, the analyst consensus on First Data Corp is Strong Buy and the average price target is $16.10, representing a 5.2% upside.

In a report issued on November 3, BTIG also reiterated a Buy rating on the stock with a $15 price target.