There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Rogers Corp (NYSE:ROG) and Castle Brands (NYSE:ROX) with bullish sentiments.
Rogers Corp (ROG)
In a report released today, Craig Ellis from B.Riley FBR maintained a Buy rating on Rogers Corp, with a price target of $180. The company’s shares closed yesterday at $141.93.
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 30.4% and a 68.5% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Silicon Laboratories.
Currently, the analyst consensus on Rogers Corp is a Moderate Buy with an average price target of $150.
See today’s analyst top recommended stocks >>
Castle Brands (ROX)
In a report released today, Christopher Howe from Barrington maintained a Buy rating on Castle Brands, with a price target of $2. The company’s shares closed yesterday at $1.01.
Howe commented:
“We would recommend adding to positions should there be further, unwarranted weakness in the stock.”
According to TipRanks.com, Howe is a 1-star analyst with an average return of -3.0% and a 33.3% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as ASV Holdings Inc, Kadant Inc, and Woodward.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Castle Brands with a $2 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
