Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Lumentum Holdings (LITE) and BMC Stock Holdings (BMCH).
Lumentum Holdings (LITE)
B.Riley FBR analyst Dave Kang maintained a Buy rating on Lumentum Holdings today and set a price target of $99.00. The company’s shares closed last Tuesday at $82.04.
According to TipRanks.com, Kang is a top 100 analyst with an average return of 19.5% and a 64.6% success rate. Kang covers the Technology sector, focusing on stocks such as Applied Optoelectronics, DASAN Zhone Solutions, and Acacia Communications.
Lumentum Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $94.33, implying a 22.1% upside from current levels. In a report issued on April 24, Rosenblatt Securities also maintained a Buy rating on the stock with a $95.00 price target.
See today’s analyst top recommended stocks >>
BMC Stock Holdings (BMCH)
B.Riley FBR analyst Alex Rygiel reiterated a Hold rating on BMC Stock Holdings today and set a price target of $23.00. The company’s shares closed last Tuesday at $21.80.
According to TipRanks.com, Rygiel has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.8% and a 43.6% success rate. Rygiel covers the Services sector, focusing on stocks such as Select Interior Concepts, Granite Construction, and Orion Group Holdings.
Currently, the analyst consensus on BMC Stock Holdings is a Moderate Buy with an average price target of $22.00, implying a 2.5% upside from current levels. In a report released yesterday, Wedbush also maintained a Hold rating on the stock with a $25.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.