There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Shotspotter Inc (NASDAQ: SSTI), Comtech Telecommunications (NASDAQ: CMTL) and JM Smucker (NYSE: SJM) with bullish sentiments.
Shotspotter Inc (NASDAQ: SSTI)
Imperial Capital analyst Saliq Khan maintained a Buy rating on Shotspotter Inc (NASDAQ: SSTI) on June 5 and set a price target of $35. The company’s shares opened today at $36.37, close to its 52-week high of $36.64.
Khan said:
“We are maintaining our Outperform rating and our one-year price target of $35 on SSTI shares, about 14% above the recent share price.”
Khan has an average return of 12.4% when recommending Shotspotter Inc.
According to TipRanks.com, Khan is ranked #4431 out of 4826 analysts.
Currently, the analyst consensus on Shotspotter Inc is Strong Buy and the average price target is $38.80, representing a 6.7% upside.
In a report issued on May 29, Lake Street also initiated coverage with a Buy rating on the stock with a $36 price target.
See today’s analyst top recommended stocks >>
Comtech Telecommunications (NASDAQ: CMTL)
Noble Financial analyst Ben Klieve maintained a Buy rating on Comtech Telecommunications (NASDAQ: CMTL) today and set a price target of $33.50. The company’s shares opened today at $32.44, close to its 52-week high of $34.61.
According to TipRanks.com, Klieve is a 2-star analyst with an average return of 0.7% and a 57.1% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, CPI Aerostructures, and Faro Technologies.
Currently, the analyst consensus on Comtech Telecommunications is Moderate Buy and the average price target is $33.25, representing a 2.5% upside.
In a report released today, Ladenburg also maintained a Buy rating on the stock with a $35 price target.
JM Smucker (NYSE: SJM)
In a report released today, Pablo Zuanic from Susquehanna maintained a Buy rating on JM Smucker (NYSE: SJM), with a price target of $159. The company’s shares opened today at $100.80, close to its 52-week low of $96.13.
Zuanic noted:
“SJM missed EPS by 24c, with 10c from costs related to the pet recall and about 10c from below expectation gross margins (trade spend increases, input costs, freight), mostly in the coffee and pet foods unit (albeit the latter includes a charge from the recent recall). Our thesis of hefty coffee cost benefits this quarter did not play out. FY19 EPS guidance was set in a range of $8.40-8.65 (FY18 was $7.96; guidance includes 25c from the APN deal, but does not include dilution from the potential sale of the baking unit) vs. consensus of $9.18 (with 35c of the gap explained by a tax rate above expectations for FY19). We will wait for the 8.30am call to make any revisions to our numbers.”
According to TipRanks.com, Zuanic is a 3-star analyst with an average return of 4.0% and a 54.1% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.
Currently, the analyst consensus on JM Smucker is Hold and the average price target is $124.40, representing a 23.4% upside.
In a report released today, Jefferies also maintained a Buy rating on the stock with a $135 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.
