Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA) and PepsiCo (NYSE:PEP).
Apple (AAPL)
In a report released today, Ben Schachter from Macquarie maintained a Buy rating on Apple, with a price target of $214. The company’s shares opened today at $215.46, close to its 52-week high of $219.18.
Schachter has an average return of 28.3% when recommending Apple.
According to TipRanks.com, Schachter is ranked #107 out of 4856 analysts.
Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $211.59, which is a -1.8% downside from current levels. In a report issued on August 5, Piper Jaffray also reiterated a Buy rating on the stock with a $218 price target.
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Tesla (TSLA)
In a report released today, Brian Johnson from Barclays maintained a Sell rating on Tesla, with a price target of $210. The company’s shares opened today at $308.44.
According to TipRanks.com, Johnson is a 4-star analyst with an average return of 5.6% and a 54.9% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Arvinmeritor, Dana Holding, and Visteon Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $333.53 average price target, an 8.1% upside from current levels. In a report issued on August 8, J.P. Morgan also maintained a Sell rating on the stock with a $308 price target.
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PepsiCo (PEP)
In a report released today, Judy Hong from Goldman Sachs maintained a Buy rating on PepsiCo, with a price target of $108. The company’s shares opened today at $114.84.
According to TipRanks.com, Hong is a 4-star analyst with an average return of 10.7% and a 67.6% success rate. Hong covers the Consumer Goods sector, focusing on stocks such as Keurig Dr Pepper Inc, Brown Forman A, and Coca-Cola.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PepsiCo with a $119.08 average price target, representing a 3.7% upside. In a report issued on August 7, Susquehanna also reiterated a Buy rating on the stock with a $136 price target.
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