There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Turning Point Brands (TPB), Farmer Brothers Company (FARM) and Kratos Defense (KTOS) with bullish sentiments.
Turning Point Brands (TPB)
B.Riley FBR analyst Susan Anderson reiterated a Buy rating on Turning Point Brands today and set a price target of $56. The company’s shares closed on Friday at $52.19, close to its 52-week high of $54.29.
Anderson said:
“We hosted meetings with TPB President and CEO Larry Wexler and SVP and CFO Toronto where we came away incrementally more upbeat on TPB’s long-term growth opportunities. Conversations focused on the opportunity with Zig-Zag, as well as recent FDA proposals and the performance of new product introductions. We believe investor’s main takeaway was the significant opportunity from Nu-X as the company is in the early stages of rolling out their proprietary vaping, CBD, and self care products. TPB has the ability to grow the segment through increasing distribution at retail and online, but also through expanding the product offering into adjacent categories in health and wellness.”
According to TipRanks.com, Anderson is a 3-star analyst with an average return of 2.5% and a 45.6% success rate. Anderson covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Urban Outfitters.
Turning Point Brands has an analyst consensus of Moderate Buy, with a price target consensus of $57.50, a 10.2% upside from current levels. In a report issued on May 2, Cowen & Co. also maintained a Buy rating on the stock with a $59 price target.
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Farmer Brothers Company (FARM)
B.Riley FBR analyst Marc Wiesenberger maintained a Buy rating on Farmer Brothers Company today and set a price target of $29. The company’s shares closed on Friday at $20.10, close to its 52-week low of $19.17.
Wiesenberger commented:
“We are transferring coverage of PT) due to covering analyst’s planned leave of absence. FARM will report F3Q19 (Mar) results AMC on and hold a conference call at 5:00pm ET (Dial-in: Passcode: 7783905). For F3Q19 we model revenue/adjusted EBITDA/EPS of $152.0M/$11.9M/$0.03 vs. consensus’ $152.0M/$12.2M/$0.07, respectively. We believe the combination of softer revenue growth in conjunction with improved operating margins in F2H19 has been adequately accounted for in Street numbers; F3Q19 should provide early indications that management’s recent initiatives are taking hold, but F4Q19 (Jun) should see improved trends in Y/Y growth and operating leverage relative to F3Q19.”
According to TipRanks.com, Wiesenberger is ranked #926 out of 5200 analysts.
Farmer Brothers Company has an analyst consensus of Moderate Buy, with a price target consensus of $32.50.
Kratos Defense (KTOS)
In a report released today, Mike Crawford from B.Riley FBR reiterated a Buy rating on Kratos Defense, with a price target of $20. The company’s shares closed on Friday at $16.03.
Crawford said:
“Buy-rated Kratos (KTOS, $20 PT) reports 1Q19 results after market close on 5/8 and will hold its call at 5:00PM ET (dial 866.393.0674, # 1479806). We model $152M revenue and $10.3M EBITDA for the period, within stabbing distance of a $153M/$11.0M consensus.”
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 7.5% and a 55.4% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as Finjan Holdings, Silicon Motion, and Ducommun Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kratos Defense with a $19.80 average price target.
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