Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Under Armour (NYSE:UA) and Mercury Systems Inc (NASDAQ:MRCY).
Under Armour (UA)
In a report released today, Mitch Kummetz from Pivotal Research reiterated a Hold rating on Under Armour, with a price target of $24. The company’s shares closed yesterday at $20.97, close to its 52-week high of $22.68.
Kummetz observed:
“We also calculate North American-wholesale-apparel up 1%, vs. +4% last quarter.”
According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 2.4% and a 56.0% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.
Under Armour has an analyst consensus of Hold, with a price target consensus of $19.75, representing a -5.8% downside. In a report issued on October 26, Credit Suisse also maintained a Hold rating on the stock with a $23 price target.
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Mercury Systems Inc (MRCY)
In a report released today, Brian Ruttenbur from Drexel Hamilton maintained a Buy rating on Mercury Systems Inc, with a price target of $58. The company’s shares closed yesterday at $45.28.
Ruttenbur observed:
“We are increasing our FY’19 revenue estimate from $612M to $620M, increasing our Adj. EBITDA from $138M to $139M, and raising our Adj. EPS from $1.68 to $1.74. Our estimates include the recent acquisition of Germane Systems (adding roughly $40M in revenue).”
According to TipRanks.com, Ruttenbur is a 3-star analyst with an average return of 4.7% and a 50.9% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Huntington Ingalls, and Engility Holdings.
Mercury Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $61, implying a 34.7% upside from current levels. In a report issued on October 18, Canaccord Genuity also reiterated a Buy rating on the stock with a $64 price target.
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