Analysts Are Bullish on Top Consumer Goods Picks

By Ryan Adsit

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Match Group Inc (NASDAQ: MTCH), Fabrinet (NYSE: FN) and Delphi Automotive (NYSE: DLPH) with bullish sentiments.

Match Group Inc (NASDAQ: MTCH)

Merrill Lynch analyst Nat Schindler reiterated a Buy rating on Match Group Inc (NASDAQ: MTCH) today and set a price target of $20. The company’s shares opened today at $15.65.

According to TipRanks.com, Schindler is a 1-star analyst with an average return of -2.7% and a 46.0% success rate. Schindler covers the Technology sector, focusing on stocks such as Quotient Technology Inc, TripAdvisor Inc., and Synacor Inc.

Currently, the analyst consensus on Match Group Inc is Strong Buy and the average price target is $20, representing a 27.8% upside.

In a report issued on November 1, Oppenheimer also reiterated a Buy rating on the stock.
Fabrinet (NYSE: FN)

In a report released today, Paul Coster from J.P. Morgan reiterated a Buy rating on Fabrinet (NYSE: FN), with a price target of $48. The company’s shares opened today at $38.03.

Coster observed:

“We expect Fabrinet, one of our top Applied Tech picks, to post solid F1Q17 results, and we are buyers heading into the print, with a recent pull-back presenting an attractive entry point. The 100G upgrade cycle is ramping, and solid results from Oclaro, Lumentum, and Inphi (key customers), suggest positive momentum should extend well into CY17. We should also start to get visibility into the potential contribution from Fabrinet West, the NPI facility, on this conference call. Maintain Overweight.”

According to TipRanks.com, Coster is ranked 0 out of 5 stars with an average return of -5.6% and a 45.9% success rate. Coster covers the Technology sector, focusing on stocks such as Trimble Navigation Limited, SolarEdge Technologies, and Daystar Technologies.

Currently, the analyst consensus on Fabrinet is Strong Buy and the average price target is $53, representing a 39.4% upside.

In a report issued on October 31, Needham also reiterated a Buy rating on the stock with a $56 price target.
Delphi Automotive (NYSE: DLPH)

J.P. Morgan analyst Ryan Brinkman reiterated a Buy rating on Delphi Automotive (NYSE: DLPH) today and set a price target of $85. The company’s shares opened today at $66.70.

Brinkman commented:

“Delphi’s 3Q16 results delivered on our expectations heading into the quarter of a solid earnings beat led by the strong industry production in China. The beat to revenue and EBIT was even stronger than we had modeled, however, and was ahead of company guidance. Given the stronger 3Q revenue, management raised its outlook for full year revenue, becoming the first auto parts supplier to do so this earning season — a development that drove a +2.3% reaction in the stock, vs. the average supplier we cover, -0.2%. 3Q16 revenue tracked $4,091 mn, ahead of consensus of $3,991 mn and our $4,027 mn, and vs. company-issued guidance of $3,925 mn to $4,000 mn. Adjusted EBIT tracked $531 mn, vs. consensus of $519 mn, and JPM $526 mn, and again higher than guidance of $505 mn to $525 mn, on roughly in line margin of 13.0% vs. consensus 13.0% and JPM 13.1%. Full year revenue guidance was raised to a range of $16.4-$16.5 bn, relative to $16.25-$16.45 bn prior, while EBIT guidance was narrowed to $2.16-$2.19 bn vs. $2.15-$2.20 bn prior, on higher investments for future growth including the development of a turnkey autonomous driving solution. We are tweaking our 2016 full year estimate higher ($6.05 vs. $5.97 prior), while our out-year EPS forecasts and our December 2017 price target remain unchanged.”

According to TipRanks.com, Brinkman is a 5-star analyst with an average return of 10.7% and a 60.1% success rate. Brinkman covers the Consumer Goods sector, focusing on stocks such as Tower International, Cooper Tire Rubber, and Tenneco Automotive.

Currently, the analyst consensus on Delphi Automotive is Strong Buy and the average price target is $85.86, representing a 28.7% upside.

In a report released today, Barclays also reiterated a Buy rating on the stock with a $81 price target.