Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Callaway Golf (NYSE:ELY), Luna Innovations Inc (NASDAQ:LUNA) and Veeco (NASDAQ:VECO).
Callaway Golf (ELY)
In a report released today, Brett Andress from KeyBanc maintained a Buy rating on Callaway Golf, with a price target of $25. The company’s shares closed yesterday at $19.62, close to its 52-week high of $20.82.
Andress has an average return of 15.0% when recommending Callaway Golf.
According to TipRanks.com, Andress is ranked #1452 out of 4853 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Callaway Golf with a $23.67 average price target, which is a 20.6% upside from current levels. In a report released today, Jefferies also reiterated a Buy rating on the stock with a $25 price target.
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Luna Innovations Inc (LUNA)
In a report released today, Tim Savageaux from Northland Securities downgraded Luna Innovations Inc to Hold, with a price target of $4. The company’s shares closed yesterday at $4.12, close to its 52-week high of $4.32.
According to TipRanks.com, Savageaux is a 3-star analyst with an average return of 4.5% and a 47.1% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Acacia Communications, and Lumentum Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Luna Innovations Inc with a $4 average price target.
Veeco (VECO)
Northland Securities analyst Gus Richard reiterated a Buy rating on Veeco yesterday and set a price target of $15. The company’s shares closed yesterday at $11.88, close to its 52-week low of $10.85.
According to TipRanks.com, Richard is a 5-star analyst with an average return of 25.2% and a 69.6% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Adesto Technologies Corp, and Advanced Micro Devices.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veeco with a $15 average price target.
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