Analysts Offer Insights on Materials Companies: Cenovus Energy (NYSE: CVE), Waste Connections (NYSE: WCN) and Crescent Point Energy (NYSE: CPG)

By Jason Carr

Analysts have been eager to weigh in on the Materials sector with new ratings on Cenovus Energy (CVEResearch Report), Waste Connections (WCNResearch Report) and Crescent Point Energy (CPGResearch Report).

Cenovus Energy (CVE)

RBC Capital analyst Gregory Pardy maintained a Buy rating on Cenovus Energy yesterday and set a price target of C$15.00. The company’s shares closed last Monday at $9.40.

According to TipRanks.com, Pardy is a 3-star analyst with an average return of 1.1% and a 50.9% success rate. Pardy covers the Basic Materials sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Baytex Energy.

Cenovus Energy has an analyst consensus of Moderate Buy, with a price target consensus of $11.19.

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Waste Connections (WCN)

In a report issued on December 9, Derek Spronck from RBC Capital maintained a Buy rating on Waste Connections, with a price target of $100.00. The company’s shares closed last Monday at $90.18.

According to TipRanks.com, Spronck is a 4-star analyst with an average return of 11.2% and a 67.4% success rate. Spronck covers the Basic Materials sector, focusing on stocks such as Republic Services, Waste Management, and Stantec.

Currently, the analyst consensus on Waste Connections is a Strong Buy with an average price target of $104.00.

Crescent Point Energy (CPG)

RBC Capital analyst Michael Harvey maintained a Hold rating on Crescent Point Energy on December 9 and set a price target of C$7.00. The company’s shares closed last Monday at $3.76.

According to TipRanks.com, Harvey is a 3-star analyst with an average return of 2.3% and a 43.8% success rate. Harvey covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum, Paramount Resources, and Birchcliff Energy.

Crescent Point Energy has an analyst consensus of Moderate Buy, with a price target consensus of $5.29.

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