There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Balchem Corp (BCPC) and LKQ Corp (LKQ) with bullish sentiments.
Balchem Corp (BCPC)
H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Balchem Corp today and set a price target of $101. The company’s shares closed yesterday at $88.73.
Selvaraju said:
“Valuation methodology, risks and uncertainties. We utilize a comparable universe-derived P/E multiple approach. P/E multiple to our 2019 diluted EPS of $2.89, we derive a target of $101 per share.”
According to TipRanks.com, Selvaraju has 0 stars on 0-5 star ranking scale with an average return of -8.7% and a 36.7% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies Corp, EyePoint Pharmaceuticals Inc, and Bausch Health Companies Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Balchem Corp with a $101 average price target.
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LKQ Corp (LKQ)
Barrington analyst Gary Prestopino maintained a Buy rating on LKQ Corp today. The company’s shares closed yesterday at $27.70.
Prestopino wrote:
“We continue to believe that LKQ’s long‐term fundamental outlook remains positive driven by market share gains domestically and internationally. Based on headwinds within the industry, we reduced our 2019 adjusted EPS estimate to $2.34 from $2.47 and initiated a 2020 adjusted EPS estimate of $2.55. We have an OUTPERFORM investment rating and $40‐45 price target range on the shares.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.4% and a 43.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and Liquidity Services.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LKQ Corp with a $32 average price target.
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