Analysts Offer Insights on Materials Companies: Dcp Midstream Partners Lp (NYSE: DCP), Phillips 66 Partners (NYSE: PSXP) and Summit Materials (NYSE: SUM)

By Carrie Williams

Analysts fell to the sidelines weighing in on Dcp Midstream Partners Lp (DCPResearch Report), Phillips 66 Partners (PSXPResearch Report) and Summit Materials (SUMResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Dcp Midstream Partners Lp (DCP)

Barclays analyst Christopher Tillett maintained a Hold rating on Dcp Midstream Partners Lp yesterday and set a price target of $26.00. The company’s shares closed last Monday at $23.63, close to its 52-week low of $23.21.

According to TipRanks.com, Tillett is a 2-star analyst with an average return of 1.5% and a 38.9% success rate. Tillett covers the Basic Materials sector, focusing on stocks such as Antero Midstream Corporation, Western Midstream Partners, and CNX Midstream Partners LP.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dcp Midstream Partners Lp with a $31.11 average price target.

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Phillips 66 Partners (PSXP)

In a report released yesterday, Theresa Chen from Barclays maintained a Hold rating on Phillips 66 Partners, with a price target of $56.00. The company’s shares closed last Monday at $56.24.

According to TipRanks.com, Chen is a 3-star analyst with an average return of 7.2% and a 71.4% success rate. Chen covers the Basic Materials sector, focusing on stocks such as Holly Energy Partners LP, KNOT Offshore Partners, and Magellan Midstream.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Phillips 66 Partners with a $59.00 average price target.

Summit Materials (SUM)

In a report released yesterday, Adam Seiden from Barclays maintained a Hold rating on Summit Materials, with a price target of $22.00. The company’s shares closed last Monday at $21.90, close to its 52-week high of $23.48.

According to TipRanks.com, Seiden is a 3-star analyst with an average return of 2.0% and a 56.5% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Welbilt Inc, and Terex Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Summit Materials with a $23.50 average price target.

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