Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Motorcar Parts Of America (MPAA), ASML Holding (ASML) and Kratos Defense (KTOS)


Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Motorcar Parts Of America (NASDAQ:MPAA), ASML Holding (NASDAQ:ASML) and Kratos Defense (NASDAQ:KTOS).

Motorcar Parts Of America (MPAA)

B.Riley FBR analyst Christopher Van Horn reiterated a Buy rating on Motorcar Parts Of America on July 13 and set a price target of $39. The company’s shares opened today at $19.35, close to its 52-week low of $18.09.

Van Horn commented:

“We continue to believe in the company’s revenue expansion strategy and we also continue to expect end market demand to slightly improve in C2H18 relative to the first half of this year. The company continues to have a robust opportunity to grow with new product line introductions as well as market share capture in existing segments. We reiterate our Buy rating and $39 price target. For more on MPAA, please see our June 15 note: “F4Q18 Challenging Close to a Challenging Year, but Better FY19/FY20 Coming into View, with New Business and Macro Tailwinds—Reiterate Buy & $39 PT.” Analyst certification and important disclosures can be found on pages 4 – 7 of this report. This document represents an abbreviated discussion of the subject issuer and should not be used as the sole basis for an investment decision.”

According to TipRanks.com, Horn is a 4-star analyst with an average return of 7.7% and a 58.9% success rate. Horn covers the Industrial Goods sector, focusing on stocks such as Superior Industries International, Park-Ohio Holdings, and American Axle.

Motorcar Parts Of America has an analyst consensus of Hold, with a price target consensus of $22.

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ASML Holding (ASML)

In a report released today, Craig Ellis from B.Riley FBR maintained a Hold rating on ASML Holding, with a price target of $200. The company’s shares opened today at $199.86.

Ellis wrote:

“ASML Holding NV (ASML) reports late 7/17 AMC and hosts a CC 7/18 at 9:00 am ET. We preview in-line 2Q18 results with and believe Street 3Q18 estimates of €2.708B (+5.8%)/€1.46 are makeable, but with Memory risks. Our fundamental roundup— ranging from off-cycle reporting laterals, intra-quarter peer checks, and SEMICON West data points, suggests spending drivers are on firm footing longer term, though near-term lumpiness is possible. “Big spenders” MU and INTC’s June updates were encouraging and we believe China’s investment drivers remain supportive. That said, near-term Samsung NAND pushout and NAND and DRAM yield concerns are relatively high. We believe the real issue is balancing supply with demand, so see a temporal rather than structural issue.”

According to TipRanks.com, Ellis is a top 25 analyst with an average return of 37.8% and a 79.5% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Silicon Laboratories, Rudolph Technologies, and Skyworks Solutions.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ASML Holding with a $230 average price target.

Kratos Defense (KTOS)

B.Riley FBR analyst Mike Crawford assigned a Buy rating to Kratos Defense today and set a price target of $16. The company’s shares opened today at $12.83.

Crawford wrote:

“We believe helping both business development and lobbying efforts, KTOS disclosed in a recent Defense Daily interview that it hired retired four-star to bolster its tactical UAS business. First LCASD/Valkyrie flight demo remains on track for later this year and we believe customers are interested in procuring tactical Mako drones ahead of Valkyrie availability to incorporate Loyal Wingman operating concepts into the field. For example, a UK Royal Air Force (RAF) demonstrator project dubbed Aircraft (LANCA) mirrors DARPA’s Gremlins project that KTOS won with its partner, Dynetics, and we believe KTOS is a natural fit for programs such as this.”

According to TipRanks.com, Crawford is a 5-star analyst with an average return of 11.3% and a 60.0% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as Finjan Holdings, Ducommun Inc, and ViaSat.

Kratos Defense has an analyst consensus of Strong Buy, with a price target consensus of $15.33, a 19.5% upside from current levels. In a report issued on July 6, Canaccord Genuity also maintained a Buy rating on the stock with a $15 price target.

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