Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on OSI Systems (NASDAQ:OSIS) and Intevac (NASDAQ:IVAC).
OSI Systems (OSIS)
B.Riley FBR analyst Josh Nichols maintained a Buy rating on OSI Systems today and set a price target of $92.50. The company’s shares opened today at $71.67.
Nichols commented:
“Buy-rated OSI Systems (OSIS, $92.50 PT) will report F1Q19 (Sep) results, after the close, on Thursday, 10/25, and will hold a conference call at 4:30PM ET. Our revenue/EBITDA estimates of $244M/$34M are marginally below consensus of $247M/$35M, respectively. Momentum from F4Q18 (Jun) that included a book-to-bill of 1.3x and an order backlog up more than 32% Y/Y to $976M appears to be continuing into FY19 with a number of Security wins already on the board. Specifically, the company has already announced a $61M order from the U.S. for its Z Portal cargo and vehicle screening system, a multi- year $21M contract with a U.S. government agency to provide inspection systems, and the Security division’s first order for its Rapiscan 920CT checkpoint system.”
According to TipRanks.com, Nichols is a 4-star analyst with an average return of 13.9% and a 34.7% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Pointer Telocation Ltd, and Immersion Corp.
OSI Systems has an analyst consensus of Strong Buy, with a price target consensus of $95.50.
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Intevac (IVAC)
In a report released today, Craig Ellis from B.Riley FBR maintained a Hold rating on Intevac, with a price target of $5. The company’s shares opened today at $4.49, close to its 52-week low of $4.33.
Ellis observed:
“Intevac (IVAC) reports 3Q18 results on 10/29 AMC. We project an in-line print but fear guidance below Street estimates. Positively, we believe the strong YTD server environment is constructive for Exabyte growth, which could mean further sales upside in high-margin spares and services, a historic source of revenue and margin strength. Negatively, we see risk to two of the four segments underpinning our 4Q revenue estimate. First, two Vertex systems are expected to ship, though we’re increasingly nervous that IVAC may have missed 2H’s smartphone build cycle given the absence of an intra-quarter order announcement. The duration from orders to shipments lends timing risk to revenue recognition. Second, Chinese customer ENERGi solar system product acceptance has been relatively slow, in part due to factory completion delays.”
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 26.1% and a 62.6% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Silicon Laboratories.
Intevac has an analyst consensus of Moderate Buy, with a price target consensus of $5.50.
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