Analysts Offer Insights on Materials Companies: Halliburton (NYSE: HAL), Helmerich & Payne (NYSE: HP) and First Data Corp (NYSE: FDC)

By Jason Carr

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Halliburton (NYSE: HAL), Helmerich & Payne (NYSE: HP) and First Data Corp (NYSE: FDC).

Halliburton (NYSE: HAL)

In a report released yesterday, Timna Tanners from Merrill Lynch reiterated a Buy rating on Halliburton (NYSE: HAL), with a price target of $56. The company’s shares opened today at $48.86, close to its 52-week high of $50.23.

According to TipRanks.com, Tanners is a 1-star analyst with an average return of -1.4% and a 48.4% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Schnitzer Steel Industries, Commercial Metals Company, and Diamond Offshore Drilling.

Currently, the analyst consensus on Halliburton is Strong Buy and the average price target is $56.20, representing a 15.0% upside.

In a report issued on November 15, Jefferies also reiterated a Buy rating on the stock.
Helmerich & Payne (NYSE: HP)

Jefferies analyst Brad Handler reiterated a Sell rating on Helmerich & Payne (NYSE: HP) today and set a price target of $50. The company’s shares opened today at $67.53, close to its 52-week high of $70.39.

According to TipRanks.com, Handler is ranked 0 out of 5 stars with an average return of -4.4% and a 43.8% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Basic Energy Services.

Currently, the analyst consensus on Helmerich & Payne is Hold and the average price target is $63.40, representing a -6.1% downside.

In a report released yesterday, Credit Suisse also reiterated a Sell rating on the stock with a $53 price target.
First Data Corp (NYSE: FDC)

Credit Suisse analyst Paul Condra reiterated a Buy rating on First Data Corp (NYSE: FDC) yesterday and set a price target of $17. The company’s shares opened today at $15.48.

According to TipRanks.com, Condra is a 3-star analyst with an average return of 4.1% and a 59.0% success rate. Condra covers the Services sector, focusing on stocks such as Fleetcor Technologies, Global Payments Inc., and Alliance Data Sys.

Currently, the analyst consensus on First Data Corp is Strong Buy and the average price target is $16.10, representing a 4.0% upside.

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