Analysts Offer Insights on Materials Companies: IAMGOLD Corp (NYSE: IAG), Owens Corning (NYSE: OC) and Kinder Morgan (NYSE: KMI)

By Ryan Adsit

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on IAMGOLD Corp (NYSE: IAG), Owens Corning (NYSE: OC) and Kinder Morgan (NYSE: KMI).

IAMGOLD Corp (NYSE: IAG)

In a report released yesterday, Stephen Walker from RBC Capital reiterated a Hold rating on IAMGOLD Corp (NYSE: IAG), with a price target of $6.50. The company’s shares closed yesterday at $6.33, close to its 52-week high of $6.35.

According to TipRanks.com, Walker is a 1-star analyst with an average return of -0.3% and a 46.6% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

IAMGOLD Corp has an analyst consensus of Moderate Buy, with a price target consensus of $6.67.

Owens Corning (NYSE: OC)

In a report released yesterday, Robert Wetenhall from RBC Capital reiterated a Buy rating on Owens Corning (NYSE: OC), with a price target of $79. The company’s shares closed yesterday at $70.40, close to its 52-week high of $71.77.

According to TipRanks.com, Wetenhall is a 5-star analyst with an average return of 10.3% and a 65.9% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Advanced Drainage Systems.

Owens Corning has an analyst consensus of Moderate Buy, with a price target consensus of $74.78.

Kinder Morgan (NYSE: KMI)

RBC Capital analyst Elvira Scotto reiterated a Hold rating on Kinder Morgan (NYSE: KMI) on August 27 and set a price target of $23. The company’s shares closed yesterday at $19.01, close to its 52-week high of $23.36.

According to TipRanks.com, Scotto is a top 100 analyst with an average return of 18.8% and a 64.6% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, American Midstreampartners Lp, and Energy Transfer Partners LP.

Currently, the analyst consensus on Kinder Morgan is Moderate Buy and the average price target is $23.50, representing a 23.6% upside.

In a report issued on August 21, Jefferies also reiterated a Hold rating on the stock with a $20 price target.

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