Analysts Have Conflicting Sentiments on These Materials Companies: Helmerich & Payne (NYSE: HP) and FMC Corp (NYSE: FMC)

By Ryan Adsit

Analysts have been eager to weigh in on the Materials sector with new ratings on Helmerich & Payne (NYSE: HP) and FMC Corp (NYSE: FMC).

Helmerich & Payne (NYSE: HP)

Nomura Holdings analyst Matthew Johnston reiterated a Buy rating on Helmerich & Payne (NYSE: HP) today and set a price target of $71. The company’s shares opened today at $67.53, close to its 52-week high of $70.39.

According to TipRanks.com, Johnston is a 3-star analyst with an average return of 3.5% and a 53.7% success rate. Johnston covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Parker Drilling Company.

Helmerich & Payne has an analyst consensus of Hold, with a price target consensus of $66.

FMC Corp (NYSE: FMC)

Nomura Holdings analyst Aleksey Yefremov reiterated a Hold rating on FMC Corp (NYSE: FMC) today and set a price target of $57. The company’s shares opened today at $53.67, close to its 52-week high of $55.55.

According to TipRanks.com, Yefremov is a 4-star analyst with an average return of 7.9% and a 70.2% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Platform Specialty Products, Westlake Chemical Corp., and Axalta Coating Systems.

Currently, the analyst consensus on FMC Corp is Moderate Buy and the average price target is $60.50, representing a 12.7% upside.

In a report issued on November 3, BMO Capital also reiterated a Hold rating on the stock.