Analysts Offer Insights on Materials Companies: Earthstone Energy (NYSE: ESTE), JELD-WEN Inc (NYSE: JELD) and Chicago Bridge (NYSE: CBI)

By Ryan Adsit

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Earthstone Energy (NYSE: ESTE), JELD-WEN Inc (NYSE: JELD) and Chicago Bridge (NYSE: CBI).

Earthstone Energy (NYSE: ESTE)

Robert W. Baird analyst Ethan Bellamy reiterated a Buy rating on Earthstone Energy (NYSE: ESTE) on September 14 and set a price target of $15. The company’s shares closed on Friday at $10.13.

According to TipRanks.com, Bellamy is a 1-star analyst with an average return of -1.7% and a 54.6% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Energy Transfer Partners LP, and Noble Midstream Partners LP.

Earthstone Energy has an analyst consensus of Strong Buy, with a price target consensus of $14.60.

JELD-WEN Inc (NYSE: JELD)

Robert W. Baird analyst Timothy Wojs reiterated a Buy rating on JELD-WEN Inc (NYSE: JELD) on September 13 and set a price target of $38. The company’s shares closed on Friday at $32.58.

According to TipRanks.com, Wojs is a 4-star analyst with an average return of 7.2% and a 63.5% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co Inc, American Woodmark Corp, and Carlisle Companies Inc.

Currently, the analyst consensus on JELD-WEN Inc is Strong Buy and the average price target is $38.71, representing a 18.8% upside.

In a report issued on September 6, J.P. Morgan also upgraded the stock to Buy with a $38 price target.
Chicago Bridge (NYSE: CBI)

Robert W. Baird analyst Andrew Wittmann reiterated a Hold rating on Chicago Bridge (NYSE: CBI) on September 15 and set a price target of $10. The company’s shares closed on Friday at $15.05.

According to TipRanks.com, Wittmann is a 3-star analyst with an average return of 3.5% and a 60.0% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and Mistras Group Inc.

Currently, the analyst consensus on Chicago Bridge is Hold and the average price target is $17.65, representing a 17.3% upside.

In a report issued on September 11, Credit Suisse also maintained a Hold rating on the stock with a $13 price target.

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