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Analysts Are Bullish on Top Industrial Goods Stocks: ModivCare (MODV), Luminar Technologies (LAZR)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on ModivCare (MODVResearch Report) and Luminar Technologies (LAZRResearch Report) with bullish sentiments.

ModivCare (MODV)

Barrington analyst Michael Petusky maintained a Buy rating on ModivCare today and set a price target of $138.00. The company’s shares closed last Friday at $86.00, close to its 52-week low of $80.55.

According to TipRanks.com, Petusky is a 4-star analyst with an average return of 6.9% and a 49.3% success rate. Petusky covers the Healthcare sector, focusing on stocks such as Merit Medical Systems, ATI Physical Therapy, and US Physical Therapy.

ModivCare has an analyst consensus of Moderate Buy, with a price target consensus of $138.00.

See Insiders’ Hot Stocks on TipRanks >>

Luminar Technologies (LAZR)

In a report released today, Jaime Perez from R.F. Lafferty maintained a Buy rating on Luminar Technologies, with a price target of $24.00. The company’s shares closed last Friday at $8.04, close to its 52-week low of $5.61.

According to TipRanks.com, Perez is ranked #7707 out of 8008 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Luminar Technologies with a $14.15 average price target, which is an 82.6% upside from current levels. In a report issued on November 2, Robert W. Baird also maintained a Buy rating on the stock with a $12.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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