Analysts Offer Insights on Consumer Goods Companies: Pacific Ethanol (PEIX) and Pointer Telocation Ltd (PNTR)


There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Pacific Ethanol (NASDAQ:PEIX) and Pointer Telocation Ltd (NASDAQ:PNTR) with bullish sentiments.

Pacific Ethanol (PEIX)

B.Riley FBR analyst Carter Driscoll maintained a Buy rating on Pacific Ethanol on August 10 and set a price target of $7. The company’s shares opened today at $2.35, close to its 52-week low of $2.25.

Driscoll wrote:

“Regulatory and tariff dynamics are taking a toll. Pacific Ethanol (PEIX) delivered disappointing 2Q18 results as the ethanol market endured challenging regulatory action, including regulation that weakened domestic and foreign demand. PEIX reported 2Q revenues of $410.5M, adjusted EBITDA of $1.0M, and EPS of $(0.31). Compare these figures to our 2Q estimates of $417.3M, $8.3M, and ($0.13) respectively. Ethanol prices fluctuated wildly throughout the quarter, therefore directly impacting PEIX’s gross margin of (0.3%) compared to our gross margin estimate of 2.1%. In addition to ethanol’s volatility, PEIX reported a $5.0M charge for higher repair and maintenance items. While the antics (e.g.”

According to TipRanks.com, Driscoll has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.4% and a 34.6% success rate. Driscoll covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Amer Superconductor, and Canadian Solar Inc.

Pacific Ethanol has an analyst consensus of Moderate Buy, with a price target consensus of $10.50, a 346.8% upside from current levels. In a report issued on August 10, H.C. Wainwright also maintained a Buy rating on the stock with a $14 price target.

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Pointer Telocation Ltd (PNTR)

B.Riley FBR analyst Josh Nichols maintained a Buy rating on Pointer Telocation Ltd today and set a price target of $20. The company’s shares opened today at $11.10, close to its 52-week low of $10.25.

Nichols noted:

“Buy-rated Pointer Telocation (PNTR, $20 PT) reports 2Q results, on Wednesday morning, 8/15, call at 10:00AM ET (Dial-in: Our 2Q revenue projection of $19.9M is below consensus $20.7 while our EBITDA and pro forma EPS of $3.1M and $0.25 are in line with consensus. PNTR’s expanding suite of telematics offerings targeting the Internet of Things (IoT) and Internet of Vehicles (IoV) markets has spurred an acceleration of awards with an impressive pipeline that will likely support the ramp of its cloud-based SaaS offerings—66% of revenue in 2017 with gross margins of 57.8%.”

According to TipRanks.com, Nichols is a 5-star analyst with an average return of 27.0% and a 59.1% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Immersion Corp, and Horizon Global.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pointer Telocation Ltd with a $22.25 average price target.

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