Analysts Offer Insights on Consumer Goods Companies: Axcelis Technologies (ACLS) and Wolverine World Wide (WWW)


Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Axcelis Technologies (ACLS) and Wolverine World Wide (WWW).

Axcelis Technologies (ACLS)

Benchmark Co. analyst Mark Miller maintained a Buy rating on Axcelis Technologies today and set a price target of $23. The company’s shares closed yesterday at $14.89, close to its 52-week low of $13.99.

Miller commented:

“We Remain at Buy now with a $23 PT, down from $26.”

According to TipRanks.com, Miller is a top 100 analyst with an average return of 19.2% and a 64.7% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Amtech Systems Inc, and MKS Instruments.

Axcelis Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $22.33, a 50.0% upside from current levels. In a report released yesterday, B.Riley FBR also maintained a Buy rating on the stock with a $26 price target.

See today’s analyst top recommended stocks >>

Wolverine World Wide (WWW)

Pivotal Research analyst Mitch Kummetz reiterated a Hold rating on Wolverine World Wide today and set a price target of $29. The company’s shares closed yesterday at $25.65, close to its 52-week low of $25.37.

Kummetz observed:

“We’re not surprised by the sales miss, which was mostly due to Chaco, as our research indicated that this brand performed poorly in the quarter, partly due to a weak sandal category and partly due to share loss. Regarding updated guidance, WWW is now providing some shape to the back half of the year, including planned 4Q CC growth of 7%, with GM also planned up 80bp. For 4Q a year ago, WWW said it had a great boot season, which helped drive GM also expanded 70bp, as closeouts were down $8M. We believe that favorable weather helped drive these strong year-ago results.”

According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 2.3% and a 55.1% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Tilly’s Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wolverine World Wide with a $34.80 average price target.

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