Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Adesto Technologies Corp (NASDAQ:IOTS) and TreeHouse Foods (NYSE:THS).
Adesto Technologies Corp (IOTS)
In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Adesto Technologies Corp, with a price target of $12. The company’s shares closed yesterday at $5.35.
Gill noted:
“We maintain our $12 PT following the qrt. Adesto indicated that its gross margins would recover in 3Q to 46.5% (vs. 43%) helped in part by S3 contribution but also recovery in base business. We believe the acquisitions could expand the TAM meaningfully and open up content opportunities, specifically around industrial IoT . With an improved financial profile and higher revenue base, we would buyers at these levels.”
According to TipRanks.com, Gill is a top 100 analyst with an average return of 20.3% and a 67.2% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Silicon Laboratories.
Currently, the analyst consensus on Adesto Technologies Corp is a Strong Buy with an average price target of $10.30.
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TreeHouse Foods (THS)
In a report released today, Pablo Zuanic from Susquehanna reiterated a Hold rating on TreeHouse Foods, with a price target of $42. The company’s shares closed yesterday at $46.98.
Zuanic wrote:
“12c EPS beat on sales and SGA. Full year EPS range narrowed, with sales projected a tad below consensus. 3Q EPS guidance means 4Q should be about half of the year’s earnings. At the divisional level, the hefty drops in Beverage margins (-510bp) and Snacks (-180bp) offset gains in other areas. Sentiment should be helped by the EPS beat but guidance may temper the move (although we note the mid-point of FY guidance of $2.20 is above consensus of $2.09). Call at 8.30am. We only expect strategic announcements by new CEO Nov annual investor seminar.”
According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 5.9% and a 56.8% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.
Currently, the analyst consensus on TreeHouse Foods is a Hold with an average price target of $45, which is a -4.2% downside from current levels. In a report issued on July 24, Stifel Nicolaus also reiterated a Hold rating on the stock with a $48 price target.
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