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Analysts’ Top Consumer Goods Picks: LKQ (LKQ), Stanley Black & Decker (SWK)

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on LKQ (LKQResearch Report), Stanley Black & Decker (SWKResearch Report) and Carvana Co (CVNAResearch Report) with bullish sentiments.

LKQ (LKQ)

Robert W. Baird analyst Craig Kennison maintained a Buy rating on LKQ on June 1 and set a price target of $65.00. The company’s shares closed last Thursday at $51.51.

According to TipRanks.com, Kennison is a 4-star analyst with an average return of 7.4% and a 49.4% success rate. Kennison covers the Consumer Goods sector, focusing on stocks such as MasterCraft Boat Holdings, Camping World Holdings, and Winnebago Industries.

Currently, the analyst consensus on LKQ is a Strong Buy with an average price target of $64.30, which is a 27.0% upside from current levels. In a report released yesterday, Barrington also maintained a Buy rating on the stock with a $67.50 price target.

See today’s best-performing stocks on TipRanks >>

Stanley Black & Decker (SWK)

In a report issued on June 1, Timothy Wojs from Robert W. Baird maintained a Buy rating on Stanley Black & Decker, with a price target of $160.00. The company’s shares closed last Thursday at $116.40, close to its 52-week low of $112.38.

According to TipRanks.com, Wojs is a 2-star analyst with an average return of 0.2% and a 50.5% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co, Lennox International, and Carlisle Companies.

Stanley Black & Decker has an analyst consensus of Moderate Buy, with a price target consensus of $156.23, representing a 35.1% upside. In a report issued on May 31, Morgan Stanley also maintained a Buy rating on the stock with a $137.00 price target.

Carvana Co (CVNA)

Robert W. Baird analyst Colin Sebastian maintained a Buy rating on Carvana Co on June 1 and set a price target of $65.00. The company’s shares closed last Thursday at $30.08, close to its 52-week low of $25.69.

According to TipRanks.com, Sebastian is a 5-star analyst with an average return of 10.9% and a 50.5% success rate. Sebastian covers the Technology sector, focusing on stocks such as Alphabet Class C, Alphabet Class A, and Playtika Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carvana Co with a $83.74 average price target, which is a 220.2% upside from current levels. In a report issued on May 19, Bank of America Securities also maintained a Buy rating on the stock with a $80.00 price target.

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