Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Fortinet (FTNT), First Solar (FSLR) and Church & Dwight (CHD).
Fortinet (FTNT)
In a report issued on May 3, Saket Kalia from Barclays maintained a Hold rating on Fortinet, with a price target of $98. The company’s shares closed on Friday at $85.96.
According to TipRanks.com, Kalia is a 5-star analyst with an average return of 14.6% and a 61.7% success rate. Kalia covers the Technology sector, focusing on stocks such as CyberArk Software, Varonis Systems, and Pluralsight Inc.
Currently, the analyst consensus on Fortinet is a Moderate Buy with an average price target of $90.12, representing a 4.8% upside. In a report issued on May 3, Robert W. Baird also maintained a Hold rating on the stock.
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First Solar (FSLR)
In a report issued on May 3, Moses Sutton from Barclays maintained a Buy rating on First Solar, with a price target of $68. The company’s shares closed on Friday at $61.76.
According to TipRanks.com, Sutton is a 2-star analyst with an average return of 2.5% and a 60.0% success rate. Sutton covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Azure Power Global, and Covanta Holding.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for First Solar with a $69.25 average price target, representing a 12.1% upside. In a report issued on April 18, J.P. Morgan also reiterated a Buy rating on the stock with a $70 price target.
Church & Dwight (CHD)
In a report issued on May 3, Lauren Lieberman from Barclays maintained a Sell rating on Church & Dwight, with a price target of $63. The company’s shares closed on Friday at $74.34, close to its 52-week high of $74.99.
According to TipRanks.com, Lieberman is a 2-star analyst with an average return of 0.9% and a 56.4% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Coca-Cola European Partners plc, and Constellation Brands Inc.
Church & Dwight has an analyst consensus of Hold, with a price target consensus of $73.40, representing a -1.3% downside. In a report issued on May 2, Citigroup also downgraded the stock to Sell with a $71 price target.
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