Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Ferroglobe PLC (GSM), Superior Uniform Group (SGC) and Nautilus Group (NLS).
Ferroglobe PLC (GSM)
Oppenheimer analyst Ian Zaffino maintained a Hold rating on Ferroglobe PLC yesterday. The company’s shares opened today at $2.42, close to its 52-week low of $1.47.
Zaffino observed:
“Challenged by weak pricing across all products, offset by higher volumes, GSM reported adjusted EBITDA of $32.1M, compared to our/Street’s $37M/$31M estimates. ASP declined ~4%-8% sequentially across key products during the quarter as overall market conditions remain weak. In particular, silicon metal prices saw a ~7.9% decline QoQ while manganese alloys remain pressured (down 4.4% sequentially) despite elevated ore prices. Maintain Perform.”
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 1.5% and a 52.9% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Hotels & Resorts Inc, and frontdoor inc.
Currently, the analyst consensus on Ferroglobe PLC is a Moderate Buy with an average price target of $3.35, a 38.4% upside from current levels. In a report issued on February 14, Jefferies also downgraded the stock to Hold with a $2.70 price target.
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Superior Uniform Group (SGC)
Barrington analyst Kevin Steinke maintained a Buy rating on Superior Uniform Group today and set a price target of $26. The company’s shares opened today at $17.81.
Steinke wrote:
“We are adjusting our 12-month price target to $26 (from $27) to incorporate an NTM P/E multiple of 16x, similar to the stock’s three-year average multiple of 16.3x. At the current multiple of 13.8x our NTM EPS estimate, we believe the stock is undervalued. Our investment rating is OUTPERFORM.”
According to TipRanks.com, Steinke is a 1-star analyst with an average return of -1.2% and a 50.9% success rate. Steinke covers the Services sector, focusing on stocks such as Echo Global Logistics, Heidrick & Struggles, and Navigant Consulting.
Superior Uniform Group has an analyst consensus of Moderate Buy, with a price target consensus of $26.
Nautilus Group (NLS)
B.Riley FBR analyst Eric Wold maintained a Hold rating on Nautilus Group today and set a price target of $8.50. The company’s shares opened today at $7.34, close to its 52-week low of $6.
Wold observed:
“After the close on Monday (2/25), Nautilus (NLS) reported 4Q18 results that were in line with the company’s lower-than-expected guidance update provided in mid-January. Given the weak consumer response to the refresh of the MaxTrainer product and launch of the Max Intelligence digital platform, we would expect some time for the company to refine the messaging ahead of a likely “re-launch” in the fall/holiday period—essential turning 2019 into more of a transition period as opposed to a growth period, as originally expected. While the company’s solid balance sheet provides an opportunity to perfect the messaging, we remain cautious that the previous MaxTrainer momentum could be impaired and an opportunity to push the digital platform across to other modalities could require more of an effort.”
According to TipRanks.com, Wold is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.5% and a 38.7% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
The word on The Street in general, suggests a Hold analyst consensus rating for Nautilus Group with a $8.25 average price target, implying a 12.4% upside from current levels. In a report released today, Craig-Hallum also downgraded the stock to Hold with a $10 price target.
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