Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on CarMax (KMX) and Gap (GPS).
CarMax (KMX)
In a report released today, John Murphy from Merrill Lynch maintained a Buy rating on CarMax, with a price target of $130.00. The company’s shares closed last Thursday at $92.08.
According to TipRanks.com, Murphy is a 3-star analyst with an average return of 2.5% and a 55.4% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as Fiat Chrysler Automobiles, Penske Automotive Group, and Group 1 Automotive.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CarMax with a $121.89 average price target, implying a 34.7% upside from current levels. In a report issued on October 2, Morgan Stanley also maintained a Buy rating on the stock with a $180.00 price target.
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Gap (GPS)
Merrill Lynch analyst Lorraine Hutchinson maintained a Hold rating on Gap today and set a price target of $21.00. The company’s shares closed last Thursday at $19.57, close to its 52-week high of $20.07.
According to TipRanks.com, Hutchinson is a 3-star analyst with an average return of 4.1% and a 52.0% success rate. Hutchinson covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Urban Outfitters, and Ulta Beauty.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gap with a $19.00 average price target, which is a -1.5% downside from current levels. In a report issued on October 9, Deutsche Bank also maintained a Hold rating on the stock with a $21.00 price target.
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