Analysts’ Top Consumer Goods Picks: Maxar Technologies Ltd (MAXR), Sequans Communications S A (SQNS)


There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Maxar Technologies Ltd (NYSE:MAXR) and Sequans Communications S A (NYSE:SQNS) with bullish sentiments.

Maxar Technologies Ltd (MAXR)

In a report released yesterday, Doug Taylor from Canaccord Genuity maintained a Buy rating on Maxar Technologies Ltd, with a price target of $70. The company’s shares opened today at $38.98, close to its 52-week low of $35.82.

Taylor commented:

“This afternoon, Jablonsky, presented at in Boston. While Maxar’s stock has retraced ~20% since reporting results last week on increased concerns about the near-term cash flow and leverage profile, we continue to believe there is compelling value, given Maxar’s strong competitive positioning in multiple segments of the space industry. Our positive stance is based on the thesis that as the company works through 2018 and attention turns forward with space systems bottoming (or at least, the drag on on financial performance being reduced) and the cash flow profile improving, Maxar’s multiple will begin to catch up with peers. The company currently trades at 7x EV/NTM EBITDA, vs. US peers at 12x. We maintain our BUY rating and $70.00 target price.”

According to TipRanks.com, Taylor is ranked #1251 out of 4850 analysts.

Maxar Technologies Ltd has an analyst consensus of Strong Buy, with a price target consensus of $69.33, a 77.9% upside from current levels. In a report issued on July 25, TD Securities also reiterated a Buy rating on the stock with a $67 price target.

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See today’s analyst top recommended stocks >>

Sequans Communications S A (SQNS)

Canaccord Genuity analyst Michael Walkley reiterated a Buy rating on Sequans Communications S A yesterday and set a price target of $3. The company’s shares opened today at $1.79, close to its 52-week low of $1.44.

Walkley observed:

“We hosted a presentation and investor meetings with CEO Georges Karam and CFO Growth Conference. Management highlighted the growth opportunity for low-power cellular IoT devices over the next several years including Sequans’ early leadership position to benefit from this secular growth trend. With CAT M1 starting to ramp in 2H/18, we expect strong long-term growth consistent with projections from Ericsson, Huawei and many other industry groups forecasting growth from 100 million units to billions. With global carriers launching CAT M1 networks during 2018/19, including in Europe, we believe Sequans is well positioned to build on its leadership position and anticipate IoT-related revenue could double in 2019 with CATM1 potentially tripling from 2018 levels while CAT-1 shows steady growth.”

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 17.3% and a 63.5% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Digi International Inc, and BlackBerry Limited.

Sequans Communications S A has an analyst consensus of Strong Buy, with a price target consensus of $2.74, implying a 53.5% upside from current levels. In a report issued on July 31, Needham also maintained a Buy rating on the stock with a $2.50 price target.

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