There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Calamp (NASDAQ:CAMP) and Alpha and Omega (NASDAQ:AOSL) with bullish sentiments.
Calamp (CAMP)
In a report released today, Josh Nichols from B.Riley FBR maintained a Buy rating on Calamp, with a price target of $28. The company’s shares opened today at $22.56.
Nichols said:
“Buy-rated CalAmp (CAMP , $28 PT), which we had the opportunity to meet with earlier this month at Angeles, reports 2Q (Aug) results, after the close, on Thursday, 9/27 (Dial in 4:30PM ID: 3966157). We project $95M revenue, $12.5M EBITDA, and $0.27 pro forma EPS, compared with consensus $95M, $12.8M, and $0.28, respectively. All projections slot nicely within CAMP’s guidance, comprising: $93M-$98M revenue, $11M-$15M EBITDA, and $0.25-$0.31 pro forma EPS. Management is targeting the global industrial IoT and connected vehicle markets on several fronts as the company continues to make what we view as an underappreciated transition from a connected asset ecosystem solutions provider to a global data and SaaS solutions provider.”
According to TipRanks.com, Nichols is a 5-star analyst with an average return of 21.7% and a 50.5% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Pointer Telocation Ltd, and Immersion Corp.
Currently, the analyst consensus on Calamp is a Strong Buy with an average price target of $28.25.
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Alpha and Omega (AOSL)
B.Riley FBR analyst Craig Ellis reiterated a Buy rating on Alpha and Omega today and set a price target of $23. The company’s shares opened today at $11.90, close to its 52-week low of $11.78.
Ellis said:
“Last week, we hosted Alpha & Omega Semiconductor (AOSL) for investor meetings and caught up with the company intra-trip. The backdrop is F4Q18’s beat and F1Q19’s much better guide after which shares rallied before retreating in late Aug./Sep., we believe due to PC unit shipment concerns given INTC’s supply sufficiency challenges and late-cycle concerns more broadly. On the former, our Taiwanese tech supply chain data through August shows modestly above- seasonal PC builds, though MU’s recent guide had a 1.0%-1.5% headwind due to CPU shortages. We sense AOSL order activity remains strong across its end markets, though we can’t rule out F2Q/3Q19 risk.”
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 30.5% and a 69.1% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Silicon Laboratories.
Alpha and Omega has an analyst consensus of Moderate Buy, with a price target consensus of $23.
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