Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Valvoline Inc (NYSE:VVV) and Castle Brands (NYSE:ROX).
Valvoline Inc (VVV)
Seaport Global analyst Michael Harrison reiterated a Hold rating on Valvoline Inc today and set a price target of $25. The company’s shares opened today at $21.48.
According to TipRanks.com, Harrison is a 5-star analyst with an average return of 14.6% and a 76.2% success rate. Harrison covers the Consumer Goods sector, focusing on stocks such as Cabot Microelectronics Corporation, Air Products and Chemicals, and GCP Applied Technologies.
Valvoline Inc has an analyst consensus of Hold, with a price target consensus of $25.
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Castle Brands (ROX)
Barrington analyst Christopher Howe maintained a Buy rating on Castle Brands today and set a price target of $2. The company’s shares opened today at $1.23.
Howe wrote:
“We believe the company should continue to deliver higher‐than‐industry average revenue growth and generate adjusted EBITDA margin expansion with increased sales leverage. Accelerated consolidation in the spirits and alcohol beverage industries provides a benchmark multiple range of 5.0‐7.0x sales, by our estimates. Valuation remains attractive trading at a discounted 2.6x EV/Sales on our NTM sales estimates compared to 7.1x for the peer group average multiple. We reiterate our OUTPERFORM investment rating and price target of $2 per share.”
According to TipRanks.com, Howe is a 1-star analyst with an average return of -0.8% and a 28.6% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as ASV Holdings Inc, Kadant Inc, and Woodward.
Castle Brands has an analyst consensus of Moderate Buy, with a price target consensus of $2.
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