Analysts Offer Insights on Consumer Goods Companies: Infinera (INFN) and Nova Measuring (NVMI)


Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Infinera (INFN) and Nova Measuring (NVMI).

Infinera (INFN)

In a report released today, Ryan Koontz from Rosenblatt Securities maintained a Hold rating on Infinera, with a price target of $4. The company’s shares closed yesterday at $3.97.

Koontz wrote:

“We shift from cautionary to a more open-minded stance on INFN stock, looking for sustained revenue growth and margin expansion. We maintain our FY19 revenue/EPS estimates, maintain our FY20 revenue estimate, and reduce our FY20 earnings (by -$.07). We maintain our Neutral rating and our price target moves from $3 to $4.”

According to TipRanks.com, Koontz is a 4-star analyst with an average return of 20.0% and a 65.6% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, CommScope Holding, and Juniper Networks.

The word on The Street in general, suggests a Hold analyst consensus rating for Infinera with a $4.30 average price target, implying an 8.3% upside from current levels. In a report released today, Raymond James also upgraded the stock to Hold.

See today’s analyst top recommended stocks >>

Nova Measuring (NVMI)

In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Nova Measuring, with a price target of $35. The company’s shares closed yesterday at $27.79.

Miller commented:

“We expect recent wins, an expected cyclical recovery in semi equipment sales, and a new metrology tool with advanced features to drive driving 30% y/y earnings growth in 2020 to $1.87 per diluted share. We employ a on our 2020 earnings forecast along with $6.30 in net cash/share to derive our $35 target price. Our rating remains Buy.”

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, Axcelis Technologies, and Amtech Systems Inc.

Nova Measuring has an analyst consensus of Moderate Buy, with a price target consensus of $34.

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