Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Sanderson Farms (NASDAQ: SAFM), Ciena Corp (NYSE: CIEN) and PPG Industries (NYSE: PPG).
Sanderson Farms (NASDAQ: SAFM)
In a report released today, Kenneth Goldman from J.P. Morgan maintained a Sell rating on Sanderson Farms (NASDAQ: SAFM), with a price target of $89. The company’s shares closed yesterday at $97.88, close to its 52-week low of $97.48.
According to TipRanks.com, Goldman is a 4-star analyst with an average return of 6.9% and a 58.9% success rate. Goldman covers the Consumer Goods sector, focusing on stocks such as Campbell Soup, General Mills, and Hershey Co.
Currently, the analyst consensus on Sanderson Farms is Hold and the average price target is $99.50, representing a 1.7% upside.
In a report issued on May 30, Jefferies also maintained a Sell rating on the stock with a $77 price target.
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Ciena Corp (NYSE: CIEN)
J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Ciena Corp (NYSE: CIEN) today and set a price target of $33. The company’s shares closed yesterday at $23.05.
According to TipRanks.com, Chatterjee is a 2-star analyst with an average return of 1.7% and a 47.1% success rate. Chatterjee covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Lumentum Holdings, and Juniper Networks.
Currently, the analyst consensus on Ciena Corp is Strong Buy and the average price target is $31.54, representing a 36.8% upside.
In a report issued on May 23, Loop Capital Markets also initiated coverage with a Buy rating on the stock with a $31 price target.
PPG Industries (NYSE: PPG)
J.P. Morgan analyst Jeffrey Zekauskas maintained a Buy rating on PPG Industries (NYSE: PPG) today and set a price target of $113. The company’s shares closed yesterday at $100.92, close to its 52-week low of $100.36.
According to TipRanks.com, Zekauskas is a 4-star analyst with an average return of 6.3% and a 69.3% success rate. Zekauskas covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Westlake Chemical Corp, and Axalta Coating Systems.
PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $119.56.
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