Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Arista Networks (ANET) and Mohawk Industries (MHK).
Arista Networks (ANET)
In a report issued on February 14, Jeff Kvaal from Nomura maintained a Hold rating on Arista Networks, with a price target of $190.00. The company’s shares closed last Monday at $224.30.
According to TipRanks.com, Kvaal is a 4-star analyst with an average return of 8.2% and a 59.6% success rate. Kvaal covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, CommScope Holding, and Dell Technologies.
The word on The Street in general, suggests a Hold analyst consensus rating for Arista Networks with a $218.89 average price target, a -3.1% downside from current levels. In a report issued on January 30, Barclays also downgraded the stock to Hold with a $220.00 price target.
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Mohawk Industries (MHK)
Nomura analyst Mike Wood maintained a Buy rating on Mohawk Industries yesterday and set a price target of $205.00. The company’s shares closed last Monday at $132.12.
According to TipRanks.com, Wood is a 4-star analyst with an average return of 8.3% and a 59.8% success rate. Wood covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Mueller Water Products, and Masonite International.
Currently, the analyst consensus on Mohawk Industries is a Hold with an average price target of $148.00.
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