Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on USA Technologies (USAT) and Electronic Arts (EA).
USA Technologies (USAT)
In a report released today, Michael Latimore from Northland Securities maintained a Hold rating on USA Technologies. The company’s shares closed last Monday at $8.24.
“We recently talked to several USAT customers and industry consultants. Based on our checks, we believe USAT has maintained its position as the leading business platform for unattended retail over the past year despite the financial reporting issues. Cashless penetration could be over 50% now, but most see market penetration reaching 90%. Industry pricing and more use of micro markets are topics to monitor. Sept. 9 is the required reporting date.”
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 11.0% and a 53.8% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for USA Technologies with a $7 average price target.
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Electronic Arts (EA)
Berenberg Bank analyst Robert Berg maintained a Buy rating on Electronic Arts yesterday and set a price target of $110. The company’s shares closed last Monday at $94.62.
According to TipRanks.com, Berg is a 4-star analyst with an average return of 13.5% and a 55.0% success rate. Berg covers the Services sector, focusing on stocks such as Eutelsat Communications, Mediaset España, and Just Eat Plc.
Electronic Arts has an analyst consensus of Moderate Buy, with a price target consensus of $112.08, representing a 18.7% upside. In a report issued on August 21, Stephens also maintained a Buy rating on the stock.
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