There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Polyone Corp (POL) and Badger Meter (BMI) with bullish sentiments.
Polyone Corp (POL)
In a report released yesterday, Colin Rusch from Oppenheimer maintained a Buy rating on Polyone Corp, with a price target of $40. The company’s shares closed yesterday at $28.86, close to its 52-week low of $26.16.
Rusch observed:
“Although results came in below Street estimates, POL delivered a quarter in line with our outlook, and our thesis on the company remains intact. We believe POL’s investments in advanced composites and its transition from volume to value are already proving to insulate the company from cyclical end-market swings and that in a favorable macro environment, POL is positioned to deliver meaningful operating leverage. Moreover, we are encouraged that its strategy isn’t reliant on share shift as much as it is finding new applications and ways to fulfill customer demands in lightweight, material replacement, and sustainability.”
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 11.9% and a 51.8% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor Corporation, Capstone Turbine Corp, and Canadian Solar Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Polyone Corp with a $37.33 average price target.
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Badger Meter (BMI)
Maxim Group analyst Tate Sullivan maintained a Buy rating on Badger Meter yesterday and set a price target of $67. The company’s shares closed yesterday at $56.16.
Sullivan commented:
“We do not think that $105 million of revenue in 1Q19, below the $111 million consensus and our $110 million forecast, suggests lower future growth in BMI’s water meter and other flow markets.”
According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 3.8% and a 63.8% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Tetra Tech.
Currently, the analyst consensus on Badger Meter is a Moderate Buy with an average price target of $58.50.
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