There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Turning Point Brands (NYSE:TPB) and Funko Inc (NASDAQ:FNKO) with bullish sentiments.
Turning Point Brands (TPB)
Cowen & Co. analyst Vivien Azer reiterated a Buy rating on Turning Point Brands on August 8 and set a price target of $35. The company’s shares closed yesterday at $33.12, close to its 52-week high of $34.88.
According to TipRanks.com, Azer is a 5-star analyst with an average return of 26.1% and a 70.7% success rate. Azer covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Monster Beverage Corp, and Keurig Dr Pepper Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Turning Point Brands with a $35 average price target, implying a 5.7% upside from current levels. In a report released yesterday, B.Riley FBR also maintained a Buy rating on the stock with a $35 price target.
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Funko Inc (FNKO)
Piper Jaffray analyst Erinn Murphy reiterated a Buy rating on Funko Inc yesterday and set a price target of $24. The company’s shares closed yesterday at $20.12, close to its 52-week high of $20.68.
According to TipRanks.com, Murphy is a 1-star analyst with an average return of -0.2% and a 48.1% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and G-III Apparel Group.
Funko Inc has an analyst consensus of Strong Buy, with a price target consensus of $16.80, which is a -16.5% downside from current levels. In a report issued on August 2, Stifel Nicolaus also reiterated a Buy rating on the stock with a $20 price target.
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