Analysts Offer Insights on Materials Companies: Turquoise Hill (NYSE: TRQ), Plains All American (NYSE: PAA) and Enterprise Products (NYSE: EPD)

By Jason Carr

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Turquoise Hill (NYSE: TRQ), Plains All American (NYSE: PAA) and Enterprise Products (NYSE: EPD).

Turquoise Hill (NYSE: TRQ)

RBC Capital analyst Sam Crittenden reiterated a Hold rating on Turquoise Hill (NYSE: TRQ) yesterday and set a price target of $4. The company’s shares opened today at $2.73.

According to TipRanks.com, Crittenden is ranked 0 out of 5 stars with an average return of -17.0% and a 19.2% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Stillwater Mining Company, Claude Resources (USA), and Hecla Mining Company.

Turquoise Hill has an analyst consensus of Hold.

Plains All American (NYSE: PAA)

In a report released today, Elvira Scotto from RBC Capital reiterated a Hold rating on Plains All American (NYSE: PAA), with a price target of $32. The company’s shares opened today at $30.35.

According to TipRanks.com, Scotto is a top 25 analyst with an average return of 23.7% and a 74.9% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Sanchez Production Partners, and Enbridge Energy Management.

Currently, the analyst consensus on Plains All American is Moderate Buy and the average price target is $30.60, representing a 0.8% upside.

In a report issued on April 17, Guggenheim also initiated coverage with a Hold rating on the stock with a $28 price target.
Enterprise Products (NYSE: EPD)

RBC Capital analyst T J Schultz reiterated a Buy rating on Enterprise Products (NYSE: EPD) today and set a price target of $34. The company’s shares opened today at $27.68.

According to TipRanks.com, Schultz is a top 25 analyst with an average return of 21.5% and a 79.6% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Sanchez Production Partners, and Calumet Specialty Products.

Currently, the analyst consensus on Enterprise Products is Strong Buy and the average price target is $33.33, representing a 20.4% upside.

In a report issued on April 17, BMO Capital also reiterated a Buy rating on the stock with a $33 price target.

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