Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Corning Inc (GLW) and Moog Inc (MOG.A).
Corning Inc (GLW)
Oppenheimer analyst Andrew Uerkwitz maintained a Hold rating on Corning Inc yesterday. The company’s shares closed yesterday at $33.72.
Uerkwitz noted:
“GLW reported 4Q18 revenue/EPS of $3.08B/$0.59, comparing to our $3.07B/$0.60E and the Street’s $3.01B/$0.57E. Total core revenues were up 15% Y/Y, led by Display (up 21%) and Optical (up 26%). All business segments showed growth. Corning’s total dominance in LCD glass and high-end cover glass began to show long-term upside in spite of end market headwinds. For LCD glass, Corning will enjoy customer ramping and the favorable TV market mix (bigger TVs taking share) stimulated by that ramping customer. For Gorilla Glass, we expect more Android handset makers to adopt dual cover glass designs and support Gorilla shipment growth. Overall, Corning is positioned for another year of stable revenue and earnings growth.”
According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 18.0% and a 56.6% success rate. Uerkwitz covers the Consumer Goods sector, focusing on stocks such as Axon Enterprise Inc, Himax Technologies, and Turtle Beach Corp.
Corning Inc has an analyst consensus of Moderate Buy, with a price target consensus of $40.
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Moog Inc (MOG.A)
In a report issued on January 28, Cai Rumohr from Cowen & Co. maintained a Buy rating on Moog Inc, with a price target of $105. The company’s shares closed yesterday at $85.04.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 12.2% and a 64.3% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Moog Inc with a $99.50 average price target.
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