.jpg "CSW Industrials (NASDAQ: CSWI)")
There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on CSW Industrials (NASDAQ: CSWI) and Guess (NYSE: GES) with bullish sentiments.
CSW Industrials (NASDAQ: CSWI)
In a report released yesterday, Liam Burke from B.Riley FBR maintained a Buy rating on CSW Industrials (NASDAQ: CSWI), with a price target of $60. The company’s shares opened today at $49.15, close to its 52-week high of $50.
Burke commented:
“As CSWI continues to make progress transitioning from a holding company to an operating company and sees continued strength in key end markets, we are maintaining our Buy rating and price target of $60.00. With the pending divestiture of the chemical coatings business, Strathmore, the CSWI business platform, is more straightforward and allows investors to focus on its core strategy. The company offers high performance, high value products that serve a diverse customer base but within defined market niches. CSW products are designed to solve customer-specific problems but are a small percentage of the cost of an overall project. The company’s well established distribution channels complement the company’s well respected and recognized brands and further increases CSWI’s competitive advantage.”
According to TipRanks.com, Burke is a 3-star analyst with an average return of 2.2% and a 57.8% success rate. Burke covers the Industrial Goods sector, focusing on stocks such as Standex International Corp, Westinghouse Air, and Nordson Corp.
CSW Industrials has an analyst consensus of Moderate Buy, with a price target consensus of $60.
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Guess (NYSE: GES)
B.Riley FBR analyst Susan Anderson reiterated a Buy rating on Guess (NYSE: GES) today and set a price target of $29. The company’s shares opened today at $24.28, close to its 52-week high of $26.15.
Anderson noted:
“Guess?, Inc. (GES) reported 1Q adjusted EPS of ($0.23) vs. B. Riley FBR/consensus estimate of ($0.25)/($0.23), driven by America’s Wholesale revenues of +13.4% (+11.3% constant currency), Europe revenues of +24.2% (+9.1% constant currency) and comps of +1% constant currency, and Asia revenues of +32.6% (+25.1% constant currency) and comps of +15% constant currency. America’s Retail comps were +2% (vs. B. Riley FBR/consensus estimates of +3.0%/+2.5%), a significant improvement from –6% in 4Q, and management guided 2Q comps to flat/+LSD on tougher compares.”
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 4.5% and a 52.9% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.
Guess has an analyst consensus of Moderate Buy, with a price target consensus of $20.
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