Analysts Offer Insights on Materials Companies: Anadarko Petroleum (NYSE: APC) and Albemarle Corp (NYSE: ALB)

By Austin Angelo

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Anadarko Petroleum (NYSE: APC) and Albemarle Corp (NYSE: ALB) with bullish sentiments.

Anadarko Petroleum (NYSE: APC)

RBC Capital analyst Scott Hanold reiterated a Buy rating on Anadarko Petroleum (NYSE: APC) today and set a price target of $84. The company’s shares closed yesterday at $63.40.

According to TipRanks.com, Hanold is a 4-star analyst with an average return of 7.8% and a 48.7% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Quicksilver Resources Inc.

Currently, the analyst consensus on Anadarko Petroleum is Moderate Buy and the average price target is $80.20, representing a 26.5% upside.

In a report issued on March 8, Cowen & Co. also reiterated a Buy rating on the stock with a $86 price target.
Albemarle Corp (NYSE: ALB)

RBC Capital analyst Arun Viswanathan reiterated a Buy rating on Albemarle Corp (NYSE: ALB) today and set a price target of $132. The company’s shares closed yesterday at $104.01, close to its 52-week high of $105.73.

According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 12.3% and a 76.7% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Westlake Chemical Corp.

Albemarle Corp has an analyst consensus of Strong Buy, with a price target consensus of $115.50.

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