Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Gevo (GEVO), Take-Two (TTWO) and Monster Beverage Corp (MNST).
Gevo (GEVO)
In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Gevo, with a price target of $10. The company’s shares closed yesterday at $3.27, close to its 52-week low of $2.75.
Dayal observed:
“We expect the company’s revenues to increase from approximately $34.3M in 2018 to $141.1M in 2025, growing at a seven- year CAGR of 22.4%. We expect the company’s operating expenses to increase modestly from $13.2M in 2018 to $15.9M in 2025, growing at a seven-year CAGR of 2.7%.”
According to TipRanks.com, Dayal has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.6% and a 35.7% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and UQM Technologies Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gevo with a $10 average price target.
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Take-Two (TTWO)
Wedbush analyst Michael Pachter reiterated a Buy rating on Take-Two today and set a price target of $150. The company’s shares closed yesterday at $125.81.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -1.3% and a 49.0% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Best Buy Co.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Take-Two with a $147.63 average price target, implying a 17.3% upside from current levels. In a report issued on October 25, Piper Jaffray also maintained a Buy rating on the stock with a $145 price target.
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Monster Beverage Corp (MNST)
In a report released today, Pablo Zuanic from Susquehanna reiterated a Sell rating on Monster Beverage Corp, with a price target of $46. The company’s shares closed yesterday at $55.91.
Zuanic observed:
“EPS beat of 4c, with 1c at the EBIT level (on sales 2.5pt better than consensus and SGA lower than expected; but gross margins missed again, and were down 280bp). Sustained low teens sales growth and continued SKU and regional expansion (India now), support the “ample runway for growth” thesis. A price hike of 4% effective Nov 1st should help mitigate gross margin pressures. All this should make us more constructive. However, we believe a budding conflict with KO (it seems KO wants to launch energy drinks around its own Coca-Cola trademark; an escalation could call into question the company’s ability to grow on the back of the KO bottling system) will be an overhang on the stock (MSNT down 6% after hours despite a solid 3Q, and coming price hike), and prevents us from upgrading at this stage. So we stay $46 price target by Dec’19.”
According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 6.0% and a 52.0% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.
Monster Beverage Corp has an analyst consensus of Moderate Buy, with a price target consensus of $63.38.
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