Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Turning Point Brands (NYSE:TPB) and Applied Optoelectronics (NASDAQ:AAOI).
Turning Point Brands (TPB)
In a report released today, Susan Anderson from B.Riley FBR maintained a Buy rating on Turning Point Brands, with a price target of $45. The company’s shares closed on Friday at $39.18.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 5.3% and a 50.9% success rate. Anderson covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Children’s Place.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Turning Point Brands with a $35 average price target.
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Applied Optoelectronics (AAOI)
In a report released today, Dave Kang from B.Riley FBR maintained a Hold rating on Applied Optoelectronics, with a price target of $24. The company’s shares closed on Friday at $23.99, close to its 52-week low of $22.15.
According to TipRanks.com, Kang is a 5-star analyst with an average return of 18.2% and a 62.7% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Lumentum Holdings, and Viavi Solutions.
The word on The Street in general, suggests a Hold analyst consensus rating for Applied Optoelectronics with a $31.25 average price target, implying a 30.3% upside from current levels. In a report issued on September 27, Northland Securities also downgraded the stock to Hold.
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