Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Monster Beverage Corp (NASDAQ:MNST) and Fox Factory Holding (NASDAQ:FOXF).
Monster Beverage Corp (MNST)
Stifel Nicolaus analyst Mark Astrachan maintained a Buy rating on Monster Beverage Corp today and set a price target of $66. The company’s shares closed yesterday at $59.72.
According to TipRanks.com, Astrachan is a 4-star analyst with an average return of 7.8% and a 62.4% success rate. Astrachan covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Colgate-Palmolive, and Church & Dwight.
Currently, the analyst consensus on Monster Beverage Corp is a Strong Buy with an average price target of $67.75, which is a 13.4% upside from current levels. In a report issued on September 14, Guggenheim also initiated coverage with a Buy rating on the stock with a $72 price target.
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Fox Factory Holding (FOXF)
Stifel Nicolaus analyst Jim Duffy maintained a Hold rating on Fox Factory Holding today and set a price target of $65. The company’s shares closed yesterday at $68.85, close to its 52-week high of $71.80.
According to TipRanks.com, Duffy is a 4-star analyst with an average return of 9.5% and a 65.1% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, G-III Apparel Group, and Duluth Holdings Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fox Factory Holding with a $59.60 average price target, which is a -13.4% downside from current levels. In a report issued on September 14, Robert W. Baird also maintained a Hold rating on the stock with a $68 price target.
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