Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Onto Innovation (ONTO), McCormick & Company (MKC) and Farmer Brothers Company (FARM).
Onto Innovation (ONTO)
B.Riley FBR analyst Craig Ellis reiterated a Buy rating on Onto Innovation yesterday and set a price target of $40.00. The company’s shares closed last Monday at $29.83.
According to TipRanks.com, Ellis ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -9.9% and a 30.4% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Methode Electronics, and Skyworks Solutions.
Currently, the analyst consensus on Onto Innovation is a Strong Buy with an average price target of $44.67, implying a 52.8% upside from current levels. In a report issued on March 19, Needham also maintained a Buy rating on the stock with a $44.00 price target.
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McCormick & Company (MKC)
Jefferies analyst Robert Dickerson maintained a Sell rating on McCormick & Company today and set a price target of $110.00. The company’s shares closed last Monday at $143.15.
According to TipRanks.com, Dickerson is a 1-star analyst with an average return of -7.8% and a 32.3% success rate. Dickerson covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and J & J Snack Foods.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for McCormick & Company with a $136.00 average price target, representing a 0.7% upside. In a report issued on March 19, Merrill Lynch also downgraded the stock to Sell.
Farmer Brothers Company (FARM)
B.Riley FBR analyst Kara Anderson maintained a Hold rating on Farmer Brothers Company today and set a price target of $8.00. The company’s shares closed last Monday at $7.00, close to its 52-week low of $5.94.
According to TipRanks.com, Anderson is ranked #1715 out of 6216 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Farmer Brothers Company with a $12.00 average price target.
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