Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Maxim Integrated (NASDAQ:MXIM), Advanced Energy Industries (NASDAQ:AEIS) and Sequans Communications S A (NYSE:SQNS).
Maxim Integrated (MXIM)
BMO Capital analyst Ambrish Srivastava maintained a Hold rating on Maxim Integrated today and set a price target of $50. The company’s shares opened today at $48.82, close to its 52-week low of $46.85.
According to TipRanks.com, Srivastava is a 4-star analyst with an average return of 9.9% and a 67.3% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Synaptics Inc, and Broadcom.
Maxim Integrated has an analyst consensus of Hold, with a price target consensus of $60.20, representing a 23.3% upside. In a report issued on October 23, Barclays also maintained a Hold rating on the stock with a $55 price target.
.
See today’s analyst top recommended stocks >>
Advanced Energy Industries (AEIS)
In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on Advanced Energy Industries, with a price target of $45. The company’s shares opened today at $41.06, close to its 52-week low of $40.50.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 7.5% and a 45.0% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Applied Materials, and Universal Display.
Advanced Energy Industries has an analyst consensus of Moderate Buy, with a price target consensus of $69.50, representing a 69.3% upside. In a report issued on October 15, Citigroup also maintained a Hold rating on the stock with a $58 price target.
.
Sequans Communications S A (SQNS)
Canaccord Genuity analyst Michael Walkley maintained a Buy rating on Sequans Communications S A today and set a price target of $2.50. The company’s shares opened today at $1.30.
Walkley wrote:
“We expect a similar mix in Q4 but expect improving gross margins in 2019 and 2020 with an increasing ramp of CAT-M1 chipsets. We believe Broadband sales will remain at low levels through 2019 but some new opportunities with Verizon and CAT-6 chipset for emerging markets should drive stronger 2H/19 results. While we believe the IoT market opportunity remains significant, the CAT-M1 customer ramps continue to take longer than anticipated. With global carriers launching CAT-M1 networks during 2018/19, including in Europe, we believe Sequans is well positioned to build on its leadership position and anticipate IoT-related revenue ramping from Q1/19.”
According to TipRanks.com, Walkley is a 5-star analyst with an average return of 12.7% and a 56.3% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Digi International Inc, and Sierra Wireless Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sequans Communications S A with a $2.74 average price target.
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.
