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Analysts Offer Insights on Materials Companies: Alcoa (AA), Ball (BALL) and BHP Group (BHP)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Alcoa (AAResearch Report), Ball (BALLResearch Report) and BHP Group (BHPResearch Report).

Alcoa (AA)

Goldman Sachs analyst Emily Chieng maintained a Buy rating on Alcoa today and set a price target of $90.00. The company’s shares closed last Thursday at $40.31, close to its 52-week low of $31.00.

According to TipRanks.com, Chieng is a 4-star analyst with an average return of 15.2% and a 57.1% success rate. Chieng covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, United States Steel, and Cleveland-Cliffs.

Currently, the analyst consensus on Alcoa is a Moderate Buy with an average price target of $74.13, which is an 81.5% upside from current levels. In a report issued on July 1, Wolfe Research also maintained a Buy rating on the stock with a $72.00 price target.

See today’s best-performing stocks on TipRanks >>

Ball (BALL)

Jefferies analyst Philip Ng maintained a Hold rating on Ball on July 11 and set a price target of $74.00. The company’s shares closed last Thursday at $65.64, close to its 52-week low of $62.90.

According to TipRanks.com, Ng is a 5-star analyst with an average return of 7.0% and a 53.3% success rate. Ng covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Graphic Packaging.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ball with a $86.13 average price target, a 29.4% upside from current levels. In a report issued on June 30, KeyBanc also maintained a Hold rating on the stock.

BHP Group (BHP)

Goldman Sachs analyst Geydar Mamedov downgraded BHP Group to Hold today. The company’s shares closed last Thursday at $47.93.

According to TipRanks.com, Mamedov is ranked #6009 out of 7917 analysts.

BHP Group has an analyst consensus of Moderate Buy, with a price target consensus of $61.50.

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