Analysts Offer Insights on Materials Companies: Axalta Coating Systems (NYSE: AXTA) and Blueknight Energy (NASDAQ: BKEP)

By Jason Carr

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Axalta Coating Systems (NYSE: AXTA) and Blueknight Energy (NASDAQ: BKEP).

Axalta Coating Systems (NYSE: AXTA)

RBC Capital analyst Arun Viswanathan reiterated a Buy rating on Axalta Coating Systems (NYSE: AXTA) on March 9 and set a price target of $33. The company’s shares opened today at $31.39, close to its 52-week high of $31.63.

According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 14.2% and a 78.4% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and DOW Chemical Company.

Currently, the analyst consensus on Axalta Coating Systems is Strong Buy and the average price target is $33.75, representing a 7.5% upside.

In a report issued on February 22, Jefferies also reiterated a Buy rating on the stock with a $36 price target.
Blueknight Energy (NASDAQ: BKEP)

RBC Capital analyst T J Schultz reiterated a Hold rating on Blueknight Energy (NASDAQ: BKEP) today and set a price target of $8. The company’s shares opened today at $6.75.

According to TipRanks.com, Schultz is a top 25 analyst with an average return of 26.6% and a 77.4% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Sanchez Production Partners, and Calumet Specialty Products.

Blueknight Energy has an analyst consensus of Hold.

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