There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Nomad Foods Ltd (NYSE:NOMD), Funko Inc (NASDAQ:FNKO) and Microchip (NASDAQ:MCHP) with bullish sentiments.
Nomad Foods Ltd (NOMD)
In a report released yesterday, William Chappell from SunTrust Robinson reiterated a Buy rating on Nomad Foods Ltd, with a price target of $25. The company’s shares closed yesterday at $19.84, close to its 52-week high of $20.07.
According to TipRanks.com, Chappell is a 4-star analyst with an average return of 8.9% and a 63.1% success rate. Chappell covers the Consumer Goods sector, focusing on stocks such as Scotts Miracle-Gro Company, Edgewell Personal Care, and Hostess Brands Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nomad Foods Ltd with a $25 average price target, a 26.0% upside from current levels. In a report released today, Wells Fargo also maintained a Buy rating on the stock with a $25 price target.
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Funko Inc (FNKO)
SunTrust Robinson analyst Michael Swartz reiterated a Buy rating on Funko Inc yesterday and set a price target of $24. The company’s shares closed yesterday at $20.12, close to its 52-week high of $20.68.
According to TipRanks.com, Swartz is a 4-star analyst with an average return of 20.2% and a 63.2% success rate. Swartz covers the Consumer Goods sector, focusing on stocks such as Thor Industries Inc, Fox Factory Holding, and Acushnet Holdings.
Currently, the analyst consensus on Funko Inc is a Strong Buy with an average price target of $19, which is a -5.6% downside from current levels. In a report issued on August 2, Stifel Nicolaus also reiterated a Buy rating on the stock with a $20 price target.
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Microchip (MCHP)
In a report released today, William Stein from SunTrust Robinson reiterated a Buy rating on Microchip, with a price target of $112. The company’s shares closed yesterday at $98.08.
According to TipRanks.com, Stein is a 4-star analyst with an average return of 10.1% and a 68.4% success rate. Stein covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Maxim Integrated, and Monolithic Power.
Microchip has an analyst consensus of Strong Buy, with a price target consensus of $117.93, which is a 20.2% upside from current levels. In a report issued on July 27, Piper Jaffray also maintained a Buy rating on the stock with a $150 price target.
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