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Analysts Offer Insights on Consumer Goods Companies: Enphase Energy (ENPH) and Oxford Industries (OXM)


There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Enphase Energy (NASDAQ:ENPH) and Oxford Industries (NYSE:OXM) with bullish sentiments.

Enphase Energy (ENPH)

In a report released yesterday, Carter Driscoll from B.Riley FBR assigned a Buy rating to Enphase Energy, with a price target of $7.50. The company’s shares opened today at $4.39.

Driscoll said:

“We use a P/E multiple to value the shares. Our $7.50 PT is ~22x our 2019E EPS of $0.30, in line with peers that trade at 17x–33x forward- year estimates.”

According to TipRanks.com, Driscoll is ranked 0 out of 5 stars with an average return of -8.1% and a 33.2% success rate. Driscoll covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Amer Superconductor, and Canadian Solar Inc.

Enphase Energy has an analyst consensus of Strong Buy, with a price target consensus of $7.83.

See today’s analyst top recommended stocks >>

Oxford Industries (OXM)

B.Riley FBR analyst Susan Anderson reiterated a Buy rating on Oxford Industries today and set a price target of $97. The company’s shares opened today at $88.

Anderson commented:

“Oxford Industries (OXM) reported adjusted 2Q EPS of $1.83, in line with B. Riley FBR/consensus estimates of $1.84/$1.83. Results were driven by solid comps in both brands with +8% at Lilly Pulitzer. GM expanded +60 bps while SG&A deleveraged –60 bps. Management provided 3Q18 adjusted EPS guidance of $0.10–$0.20 (vs. B. and reaffirmed 2018 adjusted EPS at $4.45–$4.65 (vs. B. Riley FBR/consensus of $4.58). Management expects total company SSS of +MSD/+HSD for 2H18, which we believe is achievable given the strength we are seeing in core categories, supported by robust marketing initiatives. Wholesale pressure should also lesson in 2H18. We reiterate our Buy rating and $97 price target as we expect continued outperformance, given a strong macro backdrop, best in class brands (Lilly, Tommy), and growth opportunity with Southern Tide.”

According to TipRanks.com, Anderson is a 4-star analyst with an average return of 6.6% and a 55.4% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oxford Industries with a $104 average price target, which is a 18.2% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $104 price target.

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