Bank of America analyst Timna Tanners maintained a 'Hold' rating on Amrize Ltd on Thursday, setting a target price of $39.00. The company's stock closed at $41.38 on Thursday.
According to TipRanks data, Tanners is a four-star analyst with an average return rate of 2.9% and a success rate of 52.43%. Tanners covers the basic materials sector, and the key stocks they track include Vulcan Materials, Cleveland-Cliffs, and Martin Marietta Materials.
In addition to Wells Fargo, Amrize Ltd also received a “hold” rating in a report released on Thursday by Davidson, an analyst from D.A. However, on October 29th, Oppenheimer maintained its “buy” rating for Amrize Ltd ( NYSE : AMRZ ).
According to the latest financial report for the quarter ending September 30th, as per Amrize Ltd, the company's revenue for that quarter was 3.77 billion US dollars, with a net profit of 559 million US dollars. In comparison, during the same period last year, the company's revenue was 3.68 billion US dollars, and the net profit was 545 million US dollars.
Based on recent insider trading activities involving 60 insiders, the sentiment among these insiders regarding the stock is positive. This indicates that there has been an increase in the number of insiders purchasing AMRZ shares over the past quarter compared to earlier this year. Last month, AMRZ's Chairman and CEO, Jan Philipp Jenisch, purchased 30,000 shares for a total amount of $1,274,070.00.
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