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 $12.95.
Wold noted:
“Nautilus (NLS) is scheduled to report 3Q18 results after the close on a call at 4:30pm ET. While we are not making any changes to our model, we see an upside bias to estimates to be driven by strong visibility into orders and sell-in trends within the retail/commercial channel—not just from the new Octane Max Trainer launch, but also from the broader product portfolio. Given our expectation for improving sales trends within both channels heading into 2019 along with the potential opportunity for a digital subscription offering to both re-accelerate sales and create a new high-margin revenue stream, we believe NLS shares remain attractive at only 7.1x/6.4x our 2018/2019 EBITDA estimates.”
According to TipRanks.com, Wold is a 5-star analyst with an average return of 10.6% and a 56.1% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, National Cinemedia, and AMC Entertainment.
Nautilus Group has an analyst consensus of Moderate Buy, with a price target consensus of $17.67.
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The company has a one-year high of $17.33 and a one-year low of $11.30. Currently, Nautilus Group has an average volume of 200K.
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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.
