In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on Nautilus Group (NYSE: NLS), with a price target of $21. The company’s shares closed yesterday at $14.60.
Wold noted:
“of this week, we hosted the management of Nautilus (NLS) for two days of investor meetings with CEO Bruce Cazenave and CFO Sid Nayar. We came away from the meetings increasingly comfortable with our 2H18 projections rolling into the heart of the company’s key selling period due to the combination of conservative guidance, product launches based on successful modalities in other channels and recent margin tailwinds. We believe this will provide an attractive setup for the shares heading into 2019 as the company continues to gain traction within the commercial and international markets, benefits from the launch of a digital subscription offering and experiences a ramp in FCF generation.”
According to TipRanks.com, Wold is a 5-star analyst with an average return of 11.0% and a 62.0% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
Nautilus Group has an analyst consensus of Moderate Buy, with a price target consensus of $19.
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Nautilus Group’s market cap is currently $441.5M and has a P/E ratio of 17.53. The company has a Price to Book ratio of 2.38.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.
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Nautilus, Inc. engages in the provision of fitness products. It operates through the Direct and Retail segments. The Direct segment offers products directly to consumers through direct advertising, catalogs and the Internet.
