Wall Street Analysts Are Bullish on Top Consumer Goods Picks

By Austin Angelo

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on SunOpta (NASDAQ: STKL) and AdvancePierre Foods (NYSE: APFH) with bullish sentiments.

SunOpta (NASDAQ: STKL)

BMO Capital analyst Amit Sharma reiterated a Buy rating on SunOpta (NASDAQ: STKL) yesterday. The company’s shares opened today at $6.45.

According to TipRanks.com, Sharma is a 4-star analyst with an average return of 4.9% and a 50.0% success rate. Sharma covers the Consumer Goods sector, focusing on stocks such as Monster Beverage Corp, TreeHouse Foods, and WhiteWave Foods.

Currently, the analyst consensus on SunOpta is Strong Buy and the average price target is $8.75, representing a 35.7% upside.

In a report released today, D.A. Davidson also reiterated a Buy rating on the stock with a $7.50 price target.
AdvancePierre Foods (NYSE: APFH)

In a report released today, Kenneth Zaslow from BMO Capital reiterated a Buy rating on AdvancePierre Foods (NYSE: APFH). The company’s shares opened today at $27.52, close to its 52-week high of $28.32.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 14.0% and a 79.6% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Post Holdings Inc.

Currently, the analyst consensus on AdvancePierre Foods is Strong Buy and the average price target is $28.25, representing a 2.7% upside.

In a report released yesterday, Credit Suisse also reiterated a Buy rating on the stock with a $30 price target.