Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Wayfair Inc (W), Aptiv PLC (APTV) and Castle Brands (ROX).
Wayfair Inc (W)
In a report released today, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Wayfair Inc, with a price target of $150. The company’s shares opened today at $151.96.
Devitt noted:
“We see a strong opportunity for sustainable topline growth over the long term as the company continues to gain share. Slower near-term international growth and weaker margins keep us Hold rated.”
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 22.4% and a 72.2% success rate. Devitt covers the Technology sector, focusing on stocks such as Lyft Inc Class A, Eventbrite Inc, and Alphabet Inc.
Currently, the analyst consensus on Wayfair Inc is a Moderate Buy with an average price target of $157.12.
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Aptiv PLC (APTV)
Oppenheimer analyst Colin Rusch maintained a Buy rating on Aptiv PLC today and set a price target of $91. The company’s shares opened today at $79.78.
Rusch said:
“With APTV beating 1Q19 expectations while guiding the balance of 2019 lower on weaker than expected production, we are encouraged by commentary that APTV is outperforming the broader market in advance of previous guidance (+6-9% vs. +6-8% prior) on strength in Active Safety. We continue to believe core to APTV’s strategic position of its Smart Vehicle Architecture, which not only simplifies vehicle design but accelerates integration of improving sensing, communications, and compute solutions. We believe this future-proofing dynamic is becoming clearer to APTV customers and will support ongoing share gains. While shares traded lower on guidance, we remain constructive and believe our medium/long-term thesis is intact as we lower underlying market assumptions and modestly lower our PT as a result.”
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 11.8% and a 50.8% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor Corporation, Capstone Turbine Corp, and Canadian Solar Inc.
Currently, the analyst consensus on Aptiv PLC is a Moderate Buy with an average price target of $94.40, implying a 18.3% upside from current levels. In a report issued on April 22, KeyBanc also maintained a Buy rating on the stock with a $105 price target.
Castle Brands (ROX)
In a report released today, Anthony Vendetti from Maxim Group initiated coverage with a Hold rating on Castle Brands. The company’s shares opened today at $0.67, close to its 52-week low of $0.62.
Vendetti said:
“ROX’s revenue growth has been robust, driven by growing popularity of its Jefferson’s bourbon and increased distribution of its Goslings ginger beer. The company is investing heavily behind Jefferson’s, leading to a growing balance of high-interest debt. Goslings growth has decelerated as the company lapped major distribution wins in 2018.”
According to TipRanks.com, Vendetti is a 5-star analyst with an average return of 17.6% and a 51.3% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Xtant Medical Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Castle Brands with a $1.45 average price target.
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