There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Ashland Inc (NYSE: ASH), Take-Two (NASDAQ: TTWO) and Ingevity (NYSE: NGVT) with bullish sentiments.
Ashland Inc (NYSE: ASH)
KeyBanc analyst Michael Sison maintained a Buy rating on Ashland Inc (NYSE: ASH) today and set a price target of $87. The company’s shares closed yesterday at $71.30.
According to TipRanks.com, Sison is a 5-star analyst with an average return of 14.4% and a 61.5% success rate. Sison covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Sensient Technologies Corp, and GCP Applied Technologies.
Currently, the analyst consensus on Ashland Inc is Moderate Buy and the average price target is $80.50, representing a 12.9% upside.
In a report issued on April 30, Credit Suisse also maintained a Buy rating on the stock with a $79 price target.
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Take-Two (NASDAQ: TTWO)
Oppenheimer analyst Andrew Uerkwitz maintained a Buy rating on Take-Two (NASDAQ: TTWO) yesterday. The company’s shares closed yesterday at $104.88.
According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 14.1% and a 61.9% success rate. Uerkwitz covers the Consumer Goods sector, focusing on stocks such as Axon Enterprise Inc, Himax Technologies, and Turtle Beach Corp.
Currently, the analyst consensus on Take-Two is Strong Buy and the average price target is $134.89, representing a 28.6% upside.
In a report issued on April 19, Morgan Stanley also maintained a Buy rating on the stock with a $140 price target.
Ingevity (NYSE: NGVT)
Oppenheimer analyst Ian Zaffino maintained a Buy rating on Ingevity (NYSE: NGVT) today and set a price target of $90. The company’s shares closed yesterday at $76.83.
Zaffino observed:
“Supported by strength in both Materials and Chemical, along with improvements in price/mix benefits and lower raw material costs (particularly CTO), NGVT reported robust 1Q18 results with adjusted EBITDA of $67.1M compared to our/Street’s $56M/ $56.4M. With solid performance during the quarter and robust market dynamics, management updated 2018 guidance which now calls for sales of $1.10B-$1.13B ($1.07B-$1.13B) and adjusted EBITDA of $293M-$307M ($285M-$305M previously). With the updated outlook, we raise our 2018 EBITDA to $300M from $295M. Maintain Outperform.”
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 1.7% and a 52.4% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Versum Materials, and Peak Resorts.
Ingevity has an analyst consensus of Strong Buy, with a price target consensus of $89.33.
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