Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Superior Uniform Group (SGC) and Dorman Products (DORM).
Superior Uniform Group (SGC)
In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Superior Uniform Group, with a price target of $26. The company’s shares closed yesterday at $18.27.
Steinke observed:
“We forecast Q1/19 net sales of $92.1 million, up 26.0% YOY. We expect the May 2018 acquisition of CID Uniforms segment to contribute 20 percentage points to year-over-year sales growth. As such, we are forecasting organic sales growth of approximately 6%.”
According to TipRanks.com, Steinke is a 1-star analyst with an average return of -0.5% and a 50.0% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.
Superior Uniform Group has an analyst consensus of Moderate Buy, with a price target consensus of $26.
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Dorman Products (DORM)
In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Dorman Products. The company’s shares closed yesterday at $93.49, close to its 52-week high of $97.38.
Prestopino noted:
“We believe Q1/19 should at least be at our estimate of $0.96 as customer destocking issues eased in Q4/18 with market conditions in both sell in and sell through rates improving as well. In addition, growth in 2019 should be driven by a record year in 2018 in terms of unique parts introduced at 5,543, representing a 36% year-over-year increase, with 1,716 new to the aftermarket SKUs launched, representing a year-over-year increase of 44%.”
According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 2.5% and a 49.6% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
Dorman Products has an analyst consensus of Hold, with a price target consensus of $70.
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