Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on IPG Photonics (IPGP) and Aspen Group (ASPU).
IPG Photonics (IPGP)
In a report released yesterday, Jonathan Dorsheimer from Canaccord Genuity maintained a Hold rating on IPG Photonics, with a price target of $113.00. The company’s shares closed last Monday at $149.97.
According to TipRanks.com, Dorsheimer is a 3-star analyst with an average return of 2.0% and a 43.4% success rate. Dorsheimer covers the Consumer Goods sector, focusing on stocks such as Stmicroelectronics, Plug Power, and Sensata.
The word on The Street in general, suggests a Hold analyst consensus rating for IPG Photonics with a $138.00 average price target, a -4.2% downside from current levels. In a report issued on January 29, Stifel Nicolaus also downgraded the stock to Hold with a $151.00 price target.
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Aspen Group (ASPU)
In a report released yesterday, Austin Moldow from Canaccord Genuity maintained a Buy rating on Aspen Group, with a price target of $11.00. The company’s shares closed last Monday at $10.02, close to its 52-week high of $10.27.
According to TipRanks.com, Moldow is ranked #5712 out of 5913 analysts.
Currently, the analyst consensus on Aspen Group is a Strong Buy with an average price target of $11.25, representing a 10.8% upside. In a report issued on February 3, Northland Securities also maintained a Buy rating on the stock with a $12.00 price target.
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