Analysts fell to the sidelines weighing in on Mellanox (MLNX) and Marine Products Corp (MPX) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Mellanox (MLNX)
In a report released today, Hans Mosesmann from Rosenblatt Securities maintained a Hold rating on Mellanox. The company’s shares closed yesterday at $119.32, close to its 52-week high of $119.40.
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 13.5% and a 59.9% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Lattice Semicon, and Microchip.
Currently, the analyst consensus on Mellanox is a Hold with an average price target of $125.75.
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Marine Products Corp (MPX)
In a report released today, Eric Wold from B.Riley FBR maintained a Hold rating on Marine Products Corp, with a price target of $14.50. The company’s shares closed yesterday at $13.80, close to its 52-week low of $12.48.
Wold noted:
“Marine Products Corporation (MPX) is scheduled to report 1Q19 results before the open on Wednesday, 4/24, with a conference call at 8:00am ET. Although we are not concerned with the recent choppiness in domestic new boat registration data (that, we believe, is only likely to strengthen in the coming months coming out of a strong boat show season and as weather trends improve), we would not be surprised if the company’s overall unit shipments and results are weak due to the adverse impact of the retaliatory tariffs that were put in place last year (and drove a 50% decline in international unit shipments in 4Q18).”
According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -4.2% and a 41.6% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
Marine Products Corp has an analyst consensus of Hold, with a price target consensus of $14.50.
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