Analysts' Opinions Are Mixed on These Materials Stocks: Kinross Gold (KGC), Sherwin-Williams Company (SHW) and Dow Inc (DOW)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Kinross Gold (KGC – Research Report), Sherwin-Williams Company (SHW – Research Report) and Dow Inc (DOW – Research Report).
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Kinross Gold (KGC)
In a report issued on May 7, Matt Murphy from BMO Capital maintained a Buy rating on Kinross Gold, with a price target of C$22.00. The company's shares closed last Friday at $14.71.
According to TipRanks.com, Murphy is a 5-star analyst with an average return of 20.3% and a 69.1% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, First Quantum Minerals, and Pan American Silver.
Kinross Gold has an analyst consensus of Strong Buy, with a price target consensus of $16.53, representing an 11.4% upside. In a report issued on April 23, National Bank also maintained a Buy rating on the stock with a C$25.00 price target.
Dow Inc (DOW)
Dow Inc received a Hold rating and a $29.00 price target from BMO Capital analyst John McNulty on May 7. The company's shares closed last Friday at $28.32.
According to TipRanks.com, McNulty is a 3-star analyst with an average return of 1.0% and a 50.8% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.
Dow Inc has an analyst consensus of Hold, with a price target consensus of $31.87, a 13.2% upside from current levels. In a report issued on April 24, Alembic Global also maintained a Hold rating on the stock with a $34.00 price target.
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Japanese automakers have also had an uncharacteristically volatile product cadence, with a focus on cars, according to the report. Investors have been skeptical of many auto stocks in recent years as expected growth areas have faltered. But Murphy believes there's still notable potential for automakers as well as their retailers in software — a focus area for companies as of late that also has not grown as much as initially expected. "In the near term, it's leveraging the connectivity, going after what we know is a very lucrative part of the value chain," Murphy said. "They've been somewhat shut off from lack of attention to the consumer and a dealer body that needs to be reworked to some degree in a significant way, will create a real, real opportunity." The aftermarket industry and business at dealerships, including sales and service, represents $2.4 trillion in revenue, Murphy said. Of that $1.2 trillion captured by dealers, they generate about $53 billion in profits. 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