Wall Street Analysts Are Bearish on Top Conglomerates Picks

Analysts are pulling back from the Conglomerates sector as 1 experts expressed today bearish sentiments on and Dril-Quip (DRQResearch Report).

Dril-Quip (DRQ)

Barclays analyst David Anderson maintained a Sell rating on Dril-Quip on October 29 and set a price target of $21.00. The company’s shares closed last Thursday at $23.18, close to its 52-week low of $22.23.

According to, Anderson has 0 stars on 0-5 stars ranking scale with an average return of -4.3% and a 42.8% success rate. Anderson covers the Industrial Goods sector, focusing on stocks such as Nextier Oilfield Solutions, Liberty Oilfield Services, and Oceaneering International.

Dril-Quip has an analyst consensus of Hold, with a price target consensus of $28.00.

See the top stocks recommended by analysts >>

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on DRQ:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More