There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Ducommun Inc (DCO), Universal Electronics (UEIC) and Emcore Corp (EMKR) with bullish sentiments.
Ducommun Inc (DCO)
B.Riley FBR analyst Mike Crawford maintained a Buy rating on Ducommun Inc today and set a price target of $57. The company’s shares closed yesterday at $39.33.
Crawford wrote:
“Buy-rated Ducommun (DCO, $57 PT) reported 2Q19 results after the close on 8/5, displacing Boeing concerns with a buoyant print beating top to bottom, including $180M revenue, $22.4M GAAP/pro forma EPS, easily passing our $167M, $19.9M, and $0.48/ $0.48, respectively, as well as consensus $169M/$19.7M/$0.56. Structural Systems revenue jumped $21M 2Q, driven primarily by strength in commercial aerospace due to the content gain and build rate increases outlined in our 7/30/19 Earnings Preview, “ MAX, though DCO Platform & Content Share.” In this regard, we continue to believe that our model conservatively assumes that 737 MAX deliveries to Boeing and Spirit remain at current levels through 2Q20.”
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 5.2% and a 51.4% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as Finjan Holdings, Kratos Defense, and PCTEL Inc.
Ducommun Inc has an analyst consensus of Moderate Buy, with a price target consensus of $50.67.
See today’s analyst top recommended stocks >>
Universal Electronics (UEIC)
B.Riley FBR analyst Jeff Van Sinderen reiterated a Buy rating on Universal Electronics today and set a price target of $53. The company’s shares closed yesterday at $40.10.
Van Sinderen wrote:
“UEIC reports 2Q19 results AMC 8/8. We expect overall metrics to be in line with or better than our/consensus estimates. Recall that 2Q guidance was above expectations and we believe that temporary manufacturing limitations were a diminishing headwind to sales, as the company continued to ramp production in Mexico (shifted from China in response to tariffs, as well as generally waning advantages to manufacturing in China). Further, we anticipate that UEIC is getting closer to efficiently meeting the demand created by MSOs’ launch/ramp roll-out of next- gen systems. We expect more orders filled on time, improved inventory days-on-hand, reduced occurrence of errors and reduced use of air freighting.”
According to TipRanks.com, Sinderen has 0 stars on 0-5 star ranking scale with an average return of -4.5% and a 40.8% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Celsius Holdings Inc, Chromadex Corp, and Steven Madden.
Currently, the analyst consensus on Universal Electronics is a Moderate Buy with an average price target of $50.50.
Emcore Corp (EMKR)
In a report released today, Dave Kang from B.Riley FBR maintained a Buy rating on Emcore Corp, with a price target of $4.90. The company’s shares closed yesterday at $2.88, close to its 52-week low of $2.68.
Kang wrote:
“We expect F3Q results to be in line with our/consensus estimates of $17.2M/$17.2M in sales and $(0.16)/$(0.14) in EPS, and F4Q outlook to be generally in line with our/consensus estimates of $25.4M/$25.4M in sales and $(0.12)/$(0.07) in EPS.”
According to TipRanks.com, Kang is a 5-star analyst with an average return of 17.9% and a 60.5% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as DASAN Zhone Solutions Inc, Applied Optoelectronics, and Acacia Communications.
Currently, the analyst consensus on Emcore Corp is a Strong Buy with an average price target of $4.97.
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.
