Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Astronics Corp (NASDAQ:ATRO) and Vishay Precision Group (NYSE:VPG).
Astronics Corp (ATRO)
Canaccord Genuity analyst Kenneth Herbert maintained a Hold rating on Astronics Corp today and set a price target of $44. The company’s shares opened today at $41.74.
Herbert said:
“We are maintaining our HOLD rating and increasing our price target to $44. The stock reflected the strong growth in the quarter, and the growing sentiment that the business may have troughed. Management outlined many opportunities for upside – such as in the A&D test business (where it sounds like there are at least two potentially large opportunities), AeroSat, and broadly within the power and motion product line into 2019 – but there is still uncertainty. We are adjusting our 2018 and 2019 EPS estimates to $1.78 and $2.32, respectively. We agree visibility on the top line is improving, but timing in the test business remains a question, and the ultimate margin upside in the Aerospace business is uncertain.”
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 12.2% and a 64.8% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.
Astronics Corp has an analyst consensus of Hold, with a price target consensus of $41.
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Vishay Precision Group (VPG)
B.Riley FBR analyst Sarkis Sherbetchyan maintained a Buy rating on Vishay Precision Group today and set a price target of $40. The company’s shares opened today at $40.75, close to its 52-week high of $41.60.
Sherbetchyan wrote:
“PT) reports 2Q18 results before the market opens on and will host its quarterly earnings conference call at 10:00AM ET (dial-in: ID: 9209556). We forecast revenues of $72M, which sits at the low end of VPG’s $71M-$77M, adjusted EBITDA of $10.8M, and adjusted EPS of $0.41. The consensus estimates for revenue/adjusted EPS stood at $74M/$0.44. We anticipate management to introduce its 3Q18 outlook, with sales guidance at least in line with our existing forecast of $74M. We believe VPG’s record backlog, healthy book-to-bill ratios, and growth trends in the company’s key end markets should continue to drive operating performance. Incremental revenues above an annual rate of $245M should yield a 50% contribution margin to VPG’s EBITDA.”
According to TipRanks.com, Sherbetchyan is a 4-star analyst with an average return of 11.8% and a 61.3% success rate. Sherbetchyan covers the Consumer Goods sector, focusing on stocks such as Lightpath Technologies, S&W Seed Company, and Ferroglobe PLC.
Vishay Precision Group has an analyst consensus of Moderate Buy, with a price target consensus of $40.
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