.jpg "Analysts Offer Insights on Consumer Goods Companies: Pointer Telocation Ltd (NASDAQ: PNTR), Take-Two (NASDAQ: TTWO) and Flir Systems (NASDAQ: FLIR)")
There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Pointer Telocation Ltd (NASDAQ: PNTR), Take-Two (NASDAQ: TTWO) and Flir Systems (NASDAQ: FLIR) with bullish sentiments.
Pointer Telocation Ltd (NASDAQ: PNTR)
B.Riley FBR analyst Josh Nichols reiterated a Buy rating on Pointer Telocation Ltd (NASDAQ: PNTR) yesterday and set a price target of $20. The company’s shares opened today at $14.55.
Nichols noted:
“Pointer Telocation (PNTR, $20 PT) reported 1Q results on the open. Revenue of $20.9M was above our and consensus’ $20.1M and $20.4M, due to growth in both Services and Products sales. EBITDA of $3.5M were better than our $3.4M projection, as well as consensus’ $3.1M; pro forma EPS of $0.30 also came in ahead of our and consensus’ $0.28 projection. PNTR’s global subscriber base grew 7k and was up 34k, or 15%, versus the prior- year period, ending the quarter with 265k subs and ARPU of $17.62. PNTR continues to search out strategic acquisitions in key geographies, and one North American target fell through in the quarter due to a condition that management did not think was a value add for shareholders.”
According to TipRanks.com, Nichols is a 5-star analyst with an average return of 30.3% and a 55.7% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Immersion Corp, and Horizon Global.
Currently, the analyst consensus on Pointer Telocation Ltd is Strong Buy and the average price target is $21.95, representing a 50.9% upside.
In a report released yesterday, H.C. Wainwright also assigned a Buy rating to the stock with a $24.50 price target.
See today’s analyst top recommended stocks >>
Take-Two (NASDAQ: TTWO)
Jefferies analyst Timothy O’Shea assigned a Buy rating to Take-Two (NASDAQ: TTWO) today and set a price target of $145. The company’s shares opened today at $113.33.
O’Shea wrote:
“It was a messy quarter with a lot of moving parts but the bottom line is we absolutely want to own TTWO heading into the upcoming launch of 2 (Oct 26), which we expect to be a smash hit with a long, high-margin revenue tail. Full year guide looks conservative, but also reflects Borderlands slipping into F’20. TTWO did miss topline due to surprising NBA softness, but Fortnite did not appear to cause significant pressure. Topline missed, EPS beat. Non-GAAP rev of $411MM missed street $444MM. EPS of $0.70 beat street $0.63.”
O’Shea has an average return of 17.1% when recommending Take-Two.
According to TipRanks.com, O’Shea is ranked #849 out of 4801 analysts.
Currently, the analyst consensus on Take-Two is Strong Buy and the average price target is $132, representing a 16.5% upside.
In a report issued on May 2, Oppenheimer also assigned a Buy rating to the stock.
Flir Systems (NASDAQ: FLIR)
Needham analyst James Ricchiuti reiterated a Buy rating on Flir Systems (NASDAQ: FLIR) today and set a price target of $60. The company’s shares opened today at $54.73, close to its 52-week high of $55.67.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 14.7% and a 64.3% success rate. Ricchiuti covers the Consumer Goods sector, focusing on stocks such as Teledyne Technologies Inc, Universal Display, and Faro Technologies.
Flir Systems has an analyst consensus of Moderate Buy, with a price target consensus of $58.
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