Analysts Offer Insights on Consumer Goods Companies: Ecolab Inc (AIR) and AAR Corp (AIR)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Ecolab Inc (NYSE: ECL) and AAR Corp (NYSE: AIR) with bullish sentiments.

Ecolab Inc (NYSE: ECL)

Canaccord Genuity analyst Chip Moore assigned a Buy rating to Ecolab Inc (NYSE: ECL) on May 21 and set a price target of $160. The company’s shares closed yesterday at $146.51, close to its 52-week high of $150.46.

Moore observed:

“We find Ecolab very well positioned to benefit from the convergence of population growth, resource volatility and rapid industrialization across the world. The company’s recurring services model drives high visibility (even in a variable macro environment).”

According to TipRanks.com, Moore is a 3-star analyst with an average return of 9.9% and a 72.0% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, SolarEdge Technologies, and Darling Ingredients.

Currently, the analyst consensus on Ecolab Inc is Moderate Buy and the average price target is $157.29, representing a 7.4% upside.

In a report issued on May 9, Oppenheimer also assigned a Buy rating to the stock with a $153 price target.

See today’s analyst top recommended stocks >>

AAR Corp (NYSE: AIR)

In a report issued on May 21, Kenneth Herbert from Canaccord Genuity maintained a Buy rating on AAR Corp (NYSE: AIR), with a price target of $48. The company’s shares closed yesterday at $43.91.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 12.5% 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.

AAR Corp has an analyst consensus of Strong Buy, with a price target consensus of $49.50.

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