Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Deckers Outdoor (DECK) and Enphase Energy (ENPH).
Deckers Outdoor (DECK)
Susquehanna analyst Sam Poser downgraded Deckers Outdoor to Hold today and set a price target of $161. The company’s shares closed yesterday at $148.59, close to its 52-week high of $149.80.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 6.8% and a 55.6% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.
Deckers Outdoor has an analyst consensus of Hold, with a price target consensus of $143.86.
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Enphase Energy (ENPH)
In a report released today, Colin Rusch from Oppenheimer maintained a Buy rating on Enphase Energy, with a price target of $9. The company’s shares closed yesterday at $8.09, close to its 52-week high of $8.18.
Rusch observed:
“ENPH beat expectations and guided above consensus for 1Q:19 with GAAP GM up 200bps at mid-point Q/Q inclusive of a <$1M milestone payment. We believe mix toward IQ7, which reached 84% in 4Q:18, as well as dedicated IGBT supply and lower air shipping costs, will help drive margins higher. Commentary pointed to additional cost savings throughout 2019 as component availability improves. Management also noted its operating target was starting to look more like 32% GM/10% OM (from 30% GM/10% OM). We adjust estimates to account for a longer component shortage followed by further share gain enabled by increased capacity, shorter lead times, and cost reduction. Our PT moves to $9 (from $7) as we introduce our 2020 EPS of $0.45 and apply a 20x multiple."
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 11.7% and a 49.3% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enphase Energy with a $8.88 average price target, a 9.8% upside from current levels. In a report issued on February 25, B.Riley FBR also maintained a Buy rating on the stock with a $7.50 price target.
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