Blurbs

Analysts Offer Insights on Consumer Goods Companies: Gildan Activewear (GIL), Kellogg (K) and Carvana Co (CVNA)

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Gildan Activewear (GILResearch Report), Kellogg (KResearch Report) and Carvana Co (CVNAResearch Report).

Gildan Activewear (GIL)

BMO Capital analyst Stephen Macleod maintained a Buy rating on Gildan Activewear today and set a price target of C$48.00. The company’s shares closed last Thursday at $30.97.

Macleod has an average return of 8.3% when recommending Gildan Activewear.

According to TipRanks.com, Macleod is ranked #545 out of 7992 analysts.

Currently, the analyst consensus on Gildan Activewear is a Strong Buy with an average price target of $38.22, a 25.4% upside from current levels. In a report released today, Desjardins also maintained a Buy rating on the stock with a C$53.00 price target.

See the top stocks recommended by analysts >>

Kellogg (K)

In a report released today, Kenneth Zaslow from BMO Capital maintained a Hold rating on Kellogg, with a price target of $75.00. The company’s shares closed last Thursday at $73.82, close to its 52-week high of $76.45.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 11.4% and a 70.0% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, The Hershey Company, and BellRing Brands.

Kellogg has an analyst consensus of Hold, with a price target consensus of $74.08, a -1.0% downside from current levels. In a report released yesterday, Piper Sandler also upgraded the stock to Hold with a $74.00 price target.

Carvana Co (CVNA)

In a report released today, Chris Pierce from Needham reiterated a Buy rating on Carvana Co, with a price target of $50.00. The company’s shares closed last Thursday at $33.54, close to its 52-week low of $19.45.

According to TipRanks.com, Pierce has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -41.3% and a 16.2% success rate. Pierce covers the Technology sector, focusing on stocks such as Esports Technologies, CarGurus, and TrueCar.

Currently, the analyst consensus on Carvana Co is a Moderate Buy with an average price target of $54.71, a 56.5% upside from current levels. In a report issued on August 2, Bank of America Securities also maintained a Buy rating on the stock with a $64.00 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.

Read More on GIL:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos