Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on JM Smucker (NYSE: SJM), Monolithic Power (NASDAQ: MPWR) and Nike (NYSE: NKE).
JM Smucker (NYSE: SJM)
In a report issued on June 8, Andrew Lazar from Barclays maintained a Hold rating on JM Smucker (NYSE: SJM), with a price target of $101. The company’s shares closed on Friday at $102.52.
According to TipRanks.com, Lazar is a 4-star analyst with an average return of 7.5% and a 64.8% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Hain Celestial, and Pinnacle Foods.
Currently, the analyst consensus on JM Smucker is Moderate Buy and the average price target is $118.38, representing a 15.5% upside.
In a report issued on June 5, Wells Fargo also reiterated a Hold rating on the stock with a $100 price target.
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Monolithic Power (NASDAQ: MPWR)
In a report released today, Rick Schafer from Oppenheimer assigned a Buy rating to Monolithic Power (NASDAQ: MPWR), with a price target of $150. The company’s shares closed on Friday at $134.26, close to its 52-week high of $137.80.
Schafer wrote:
“We attended MPWR AD Thurs., June 7. Meeting was bullish as CEO/founder Michael Hsing shared his vision for continued outsized organic growth and revenue acceleration. Mgmt raised 2Q outlook and detailed plan to achieve $1B revenues by 2021 at GM/OM 57.5%/36%, suggesting ~$7.50 of earnings power. With an expanding $17B-plus TAM and solid position in sizable nascent growth vectors including automotive, cloud/server, motion control and eCommerce, we view this target imminently achievable and are raising estimates and PT. With shares up 450% over past five years (>2x SOX), we believe investors underappreciate potential for growth acceleration and see $2B top-line organically attainable within five to six years. We like mgmt’s record of consistent execution and MPS’ long-term growth/GM story. We’d remain buyers with a new $150 PT (from $130).”
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 17.2% and a 72.6% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as NXP Semiconductors, Skyworks Solutions, and Texas Instruments.
Currently, the analyst consensus on Monolithic Power is Strong Buy and the average price target is $146, representing an 8.7% upside.
In a report issued on June 5, Deutsche Bank also maintained a Buy rating on the stock with a $140 price target.
Nike (NYSE: NKE)
Wells Fargo analyst Ike Boruchow maintained a Hold rating on Nike (NYSE: NKE) yesterday. The company’s shares closed on Friday at $74.90, close to its 52-week high of $75.91.
According to TipRanks.com, Boruchow is a 3-star analyst with an average return of 2.8% and a 49.0% success rate. Boruchow covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Signet Jewelers Limited, and Urban Outfitters.
Nike has an analyst consensus of Moderate Buy, with a price target consensus of $69.94.
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