.jpg "Analysts Offer Insights on Consumer Goods Companies: Ducommun Inc (NYSE: DCO), F5 Networks (NASDAQ: FFIV) and Deckers Outdoor (NYSE: DECK)")
There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Ducommun Inc (NYSE: DCO), F5 Networks (NASDAQ: FFIV) and Deckers Outdoor (NYSE: DECK) with bullish sentiments.
Ducommun Inc (NYSE: DCO)
In a report released yesterday, Kenneth Herbert from Canaccord Genuity maintained a Buy rating on Ducommun Inc (NYSE: DCO), with a price target of $38. The company’s shares closed on Friday at $33.25.
Herbert said:
“We recently spent two days on the road with Ducommun (DCO) management. We believe investor interest in the stock is increasing as the company embarks on a substantial restructuring and transformation. We see significant earnings growth as the company expands margins through cost cutting, accretive acquisitions, an acceleration in core growth (with significantly improved incremental margins) and better management focus and execution. While trading volume and the absolute size limit investor opportunities, our confidence in DCO’s ability to hit its margin and execution targets is high. We are maintaining our BUY rating and increasing our price target to $38 from $36.”
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 12.4% and a 64.8% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.
Currently, the analyst consensus on Ducommun Inc is Moderate Buy and the average price target is $38.50, representing a 15.8% upside.
In a report issued on May 8, B.Riley FBR also assigned a Buy rating to the stock with a $39 price target.
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F5 Networks (NASDAQ: FFIV)
BMO Capital analyst Tim Long reiterated a Buy rating on F5 Networks (NASDAQ: FFIV) yesterday. The company’s shares closed on Friday at $172.27, close to its 52-week high of $174.26.
According to TipRanks.com, Long is a 5-star analyst with an average return of 20.8% and a 68.1% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.
Currently, the analyst consensus on F5 Networks is Moderate Buy and the average price target is $166.50, representing a -3.3% downside.
In a report issued on May 9, Credit Suisse also initiated coverage with a Buy rating on the stock with a $188 price target.
Deckers Outdoor (NYSE: DECK)
Canaccord Genuity analyst Camilo Lyon assigned a Buy rating to Deckers Outdoor (NYSE: DECK) today and set a price target of $121. The company’s shares closed on Friday at $101.49, close to its 52-week high of $103.21.
Lyon wrote:
“We are buyers of DECK heading into its FQ4 earnings release on Thursday, May 24 AMC as we believe the UGG brand experienced solid sell-throughs post the holiday period, helped by the extended winter season. Industry checks with our private company contacts support our view that persistent demand for cold weather footwear will likely translate into sales/EPS upside for DECK relative to our FQ4 +1.3% sales growth and 21c EPS estimates. Specifically, we see the opportunity for DECK to deliver 4-6c of EPS upside on UGG sales that were likely flattish or better vs. our published estimate of -2%. More importantly, a strong close to FQ4 positions the company for solid F2019 UGG wholesale orders.”
According to TipRanks.com, Lyon is a 1-star analyst with an average return of -0.1% and a 46.5% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Sequential Brands, and Steven Madden.
Deckers Outdoor has an analyst consensus of Moderate Buy, with a price target consensus of $114.50.
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