There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Cohu (NASDAQ: COHU), ViaSat (NASDAQ: VSAT) and Amyris (NASDAQ: AMRS) with bullish sentiments.
Cohu (NASDAQ: COHU)
In a report released today, Craig Ellis from B.Riley FBR assigned a Buy rating to Cohu (NASDAQ: COHU), with a price target of $30. The company’s shares opened today at $24.26.
Ellis observed:
“We return to COHU, introducing a long-term pro forma COHU+XCRA deal model (Figs. #1/2) showing key assumptions, milestones, financial targets, synergies, risks, and management’s sample P&L. Synergy capture is based on management’s guidance, which seems relatively conservative. Sensitivities also appear for revenues, GM, and opex to explore execution or macro risk; any line-item outperformance has significant EPS consequences. Newco’s margin profile is attractive, with midterm gross and EBITDA margins of 48.0% and 22.0%, respectively. Target pull-in is possible, versus our PF forecasts, but we leave room for growth reinvestment.”
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 39.1% and a 82.7% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Silicon Laboratories, Applied Materials, and Brooks Automation.
Cohu has an analyst consensus of Moderate Buy, with a price target consensus of $29.50.
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ViaSat (NASDAQ: VSAT)
In a report released today, Mike Crawford from B.Riley FBR assigned a Buy rating to ViaSat (NASDAQ: VSAT), with a price target of $89. The company’s shares opened today at $63.06.
Crawford commented:
“Buy-rated Alpha Generator pick Viasat (VSAT, $89 PT) reported 4Q18 (Mar) results after the 5/24 close, delivering mixed results that beat on the top line but were hampered by delayed ramp of Viasat-2 satellite services as the company worked to ascertain and architect around prior-disclosed antenna anomalies. For the record, VSAT achieved a record $440M revenue in 4Q18, ahead of our $428M projection as well as $424M consensus. EBITDA, constrained by VS-2 anomaly testing and an accelerated ramp of ground segment assets such as gateways and fiber in efforts to address the in-orbit architecture, came in at $56M, below our $65M estimate as well as $60M consensus.”
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 7.4% and a 57.0% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as CPI Aerostructures, Finjan Holdings, and Kratos Defense.
Currently, the analyst consensus on ViaSat is Hold and the average price target is $71.80, representing a 13.9% upside.
In a report issued on May 25, Wells Fargo also maintained a Buy rating on the stock with a $84 price target.
Amyris (NASDAQ: AMRS)
B.Riley FBR analyst Carter Driscoll reiterated a Buy rating on Amyris (NASDAQ: AMRS) today and set a price target of $10. The company’s shares opened today at $5.08.
Driscoll noted:
“Clean, sustainable, disruptive products. Last week, we attended Amyris’ (AMRS) investor conference, BioDisr upt, at the company’s Emeryville, CA headquarters and test facility. The investor day covered a variety of topics ranging from segment breakdowns and updates, addressing Biossance’s continued progress, reaffirming 2018 guidance, tasting the zero calorie sweetener, and even introducing guidance for 2020. Regarding 2018 guidance, management restated the following: revenues in the range of $185M-$195M, stated that all three segments are growing profitably, re-affirmed 70% non-GAAP gross margins, and a minimum of $10M in adjusted EBITDA. All of these figures align with our internal forecasts.”
According to TipRanks.com, Driscoll ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.1% and a 31.7% success rate. Driscoll covers the Consumer Goods sector, focusing on stocks such as SolarEdge Technologies, Pacific Ethanol, and Enphase Energy.
Currently, the analyst consensus on Amyris is Moderate Buy and the average price target is $12.50, representing a 146.1% upside.
In a report issued on May 15, H.C. Wainwright also maintained a Buy rating on the stock with a $15 price target.
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