Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Emcore Corp (EMKR) and Hewlett Packard Enterprise (HPE).
Emcore Corp (EMKR)
In a report released today, Tim Savageaux from Northland Securities maintained a Buy rating on Emcore Corp, with a price target of $6. The company’s shares closed yesterday at $3.42, close to its 52-week low of $3.39.
Savageaux commented:
“We spent two days traveling with EMKR management last week and come away with a better view of the multiple growth drivers facing the company outside of its CATV optics unit, which we continue to see valued at zero or less, across Defense/Navigation, 5G wireless and Comm laser/IC markets. We reiterate out OP rating and $6.00 PT, which values emerging units, which have already seen impressive growth over the last few years, at 2X revs and CATV optics at 0.2X.”
According to TipRanks.com, Savageaux is a 2-star analyst with an average return of 0.6% and a 43.2% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Applied Optoelectronics.
Emcore Corp has an analyst consensus of Moderate Buy, with a price target consensus of $5.80, representing a 69.6% upside. In a report issued on May 9, B.Riley FBR also reiterated a Buy rating on the stock with a $5.60 price target.
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Hewlett Packard Enterprise (HPE)
Susquehanna analyst Mehdi Hosseini reiterated a Hold rating on Hewlett Packard Enterprise today and set a price target of $16. The company’s shares closed yesterday at $14.32.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 9.2% and a 47.6% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Applied Materials Inc, and Universal Display.
Hewlett Packard Enterprise has an analyst consensus of Moderate Sell, with a price target consensus of $16.
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