Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Mettler-Toledo (MTD), Magna International (MGA) and Kornit Digital (KRNT).
Mettler-Toledo (MTD)
In a report issued on May 10, Jack Meehan from Barclays maintained a Hold rating on Mettler-Toledo, with a price target of $680. The company’s shares opened today at $711.83.
According to TipRanks.com, Meehan is a 4-star analyst with an average return of 6.1% and a 60.6% success rate. Meehan covers the Healthcare sector, focusing on stocks such as Bio-Rad Laboratories, PRA Health Sciences, and IQVIA Holdings Inc.
Currently, the analyst consensus on Mettler-Toledo is a Hold with an average price target of $680.
See today’s analyst top recommended stocks >>
Magna International (MGA)
Barclays analyst Brian Johnson maintained a Hold rating on Magna International on May 10 and set a price target of $52. The company’s shares opened today at $44.75, close to its 52-week low of $42.88.
According to TipRanks.com, Johnson is a 2-star analyst with an average return of 0.0% and a 51.0% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as American Axle, Visteon Corp, and Meritor Inc.
Magna International has an analyst consensus of Moderate Buy, with a price target consensus of $58.67, a 31.1% upside from current levels. In a report issued on May 1, Wolfe Research also downgraded the stock to Hold with a $60 price target.
Kornit Digital (KRNT)
In a report released yesterday, Tavy Rosner from Barclays maintained a Buy rating on Kornit Digital, with a price target of $30. The company’s shares opened today at $26.37.
According to TipRanks.com, Rosner is a 3-star analyst with an average return of 6.6% and a 60.0% success rate. Rosner covers the Technology sector, focusing on stocks such as Sapiens International Corporation, Magic Software Enterprises Ltd, and Nice-Systems.
Currently, the analyst consensus on Kornit Digital is a Moderate Buy with an average price target of $31, representing a 17.6% upside. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $32 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.
