Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Fitbit (FIT), Immersion Corp (IMMR) and Vishay Precision Group (VPG).
Fitbit (FIT)
Wedbush analyst Michael Pachter maintained a Hold rating on Fitbit today and set a price target of $6. The company’s shares closed yesterday at $5.37.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -0.6% and a 52.3% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Amazon.com Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fitbit with a $7.38 average price target.
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Immersion Corp (IMMR)
In a report released today, Josh Nichols from B.Riley FBR maintained a Hold rating on Immersion Corp, with a price target of $9.50. The company’s shares closed yesterday at $9.48, close to its 52-week low of $7.89.
Nichols observed:
“Neutral-rated Immersion (IMMR $9.50 PT) reports 1Q results, after the close, on 5/7, call at 5:00PM ET (Dial-in: 800.667.5617, Conference ID: 8906663). We model 1Q revenue of $5.3M, modestly above consensus of $5.1M, and EBITDA of $(7.6M), in line with consensus. While we see significant value in the company’s IP portfolio, we remain on the sidelines at this juncture—the stakes are high heading into the Samsung trial (jury selection slated for 5/13) with minimal visibility and an eventual outcome that could be quite polarized. However, CEO Ramzi Haidamus has a breadth of experience monetizing patent portfolios and we acknowledge that the company has historically been successful in monetizing its IP over time.”
According to TipRanks.com, Nichols is a 4-star analyst with an average return of 10.7% and a 41.1% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Pointer Telocation Ltd, and Horizon Global.
The word on The Street in general, suggests a Hold analyst consensus rating for Immersion Corp with a $9.50 average price target.
Vishay Precision Group (VPG)
In a report released today, Sarkis Sherbetchyan from B.Riley FBR reiterated a Buy rating on Vishay Precision Group, with a price target of $51. The company’s shares closed yesterday at $37.28.
Sherbetchyan commented:
“PT) reports 1Q19 results before market open on Tuesday, 5/7, and will host its conf. call at 10:00AM ET (dial-in: 888.317.6003; ID: 0105250). We forecast revenues of $75M, which represents the midpoint of VPG’s $72M-$78M outlook, adj. EBITDA of $13M, and adj. EPS of $0.51. Consensus for revenue/adj. EPS stood at $76M/ $0.52, respectively. We anticipate mgmt to introduce the 2Q19 sales outlook. While VPG’s end markets have demonstrated stable growth, we acknowledge macroeconomic uncertainties could impact industrial supply chains in the near-term. For example, near-term weakness in the semiconductor end market could impact 1H19 financial performance.”
Sherbetchyan has an average return of 34.5% when recommending Vishay Precision Group.
According to TipRanks.com, Sherbetchyan is ranked #3912 out of 5194 analysts.
Vishay Precision Group has an analyst consensus of Moderate Buy, with a price target consensus of $51.
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