Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Pointer Telocation Ltd (NASDAQ:PNTR) and Celanese Corp (NYSE:CE).
Pointer Telocation Ltd (PNTR)
In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Pointer Telocation Ltd, with a price target of $24.50. The company’s shares closed on Friday at $12.90.
Dayal noted:
“We believe currency related headwinds will continue to impact PNTR’s topline performance in the near term, given the company’s exposure to geographies such as Brazil (approximately 24.3% currency decline in 2018 relative to USD) and Argentina (approximately 111.6% currency decline in 2018 relative to USD), revenues from where accounted approximately 22.1% and 24.1% of the company’s revenues during 1H18 and 2017, respectively. In line with this, we are adjusting our 3Q18 and 4Q18 revenue expectations for the company to $19.0M and $19.8M, respectively, from $20.7M and $21.4M, previously.”
According to TipRanks.com, Dayal ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.8% and a 40.5% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pacific Ethanol, and Enphase Energy.
Currently, the analyst consensus on Pointer Telocation Ltd is a Strong Buy with an average price target of $20.57.
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Celanese Corp (CE)
Alembic Global analyst Hassan Ahmed reiterated a Sell rating on Celanese Corp today. The company’s shares closed on Friday at $116.22, close to its 52-week high of $119.29.
According to TipRanks.com, Ahmed is a 4-star analyst with an average return of 6.2% and a 55.6% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celanese Corp with a $142 average price target.
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