tiprankstipranks
Blurbs

Analysts Offer Insights on Consumer Goods Companies: Spectrum Brands Holdings (SPB), Coty (COTY) and Honest Company (HNST)

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Spectrum Brands Holdings (SPBResearch Report), Coty (COTYResearch Report) and Honest Company (HNSTResearch Report) with bullish sentiments.

Spectrum Brands Holdings (SPB)

Wells Fargo analyst Christopher Carey maintained a Buy rating on Spectrum Brands Holdings today and set a price target of $95.00. The company’s shares closed last Friday at $69.90, close to its 52-week low of $63.28.

According to TipRanks.com, Carey is a 3-star analyst with an average return of 4.2% and a 51.1% success rate. Carey covers the Consumer Goods sector, focusing on stocks such as Edgewell Personal Care, Constellation Brands, and Colgate-Palmolive.

Currently, the analyst consensus on Spectrum Brands Holdings is a Strong Buy with an average price target of $97.80, representing a 51.5% upside. In a report released today, RBC Capital also maintained a Buy rating on the stock with a $109.00 price target.

See the top stocks recommended by analysts >>

Coty (COTY)

In a report released today, Olivia Tong from Raymond James maintained a Buy rating on Coty, with a price target of $10.00. The company’s shares closed last Friday at $7.66.

According to TipRanks.com, Tong is a 3-star analyst with an average return of 1.9% and a 64.5% success rate. Tong covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Bath & Body Works, and Procter & Gamble.

Coty has an analyst consensus of Moderate Buy, with a price target consensus of $11.46.

Honest Company (HNST)

In a report released today, Dana Telsey from Telsey Advisory maintained a Buy rating on Honest Company, with a price target of $8.00. The company’s shares closed last Friday at $3.93, close to its 52-week low of $2.54.

According to TipRanks.com, Telsey is a 1-star analyst with an average return of -1.2% and a 40.8% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as Lulu’s Fashion Lounge Holdings, aka Brands Holding Corp, and Enjoy Technology Inc.

Honest Company has an analyst consensus of Hold, with a price target consensus of $4.75.

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 SPB:

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