Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Amira Nature (NYSE: ANFI) and Tenneco Automotive (NYSE: TEN)By Austin Angelo
Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Amira Nature (NYSE: ANFI) and Tenneco Automotive (NYSE: TEN).
Amira Nature (NYSE: ANFI)
According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 3.5% and a 50.8% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.
Amira Nature has an analyst consensus of Moderate Buy.
Tenneco Automotive (NYSE: TEN)
In a report released today, Bret Jordan from Jefferies reiterated a Hold rating on Tenneco Automotive (NYSE: TEN), with a price target of $62. The company’s shares opened today at $58.98, close to its 52-week high of $60.89.
“TEN’s leading Clean Air division should benefit from continued rollout of global emissions regulations of criteria pollutants while aftermarket Ride Performance likely remains an outperformer due to favorable industry fundamentals. However, we believe overweight NA light truck exposure could lead to decelerating growth as the US market appears at peak levels and light truck comps are increasingly high. We initiate with a Hold rating. Leading beneficiary of the “other” global emissions regulation. TEN’s Clean Air division ($6B annualized sales ~ 70% of net rev.) should continue to outpace global production due to increasingly stringent regulations of criteria pollutants. SCR and particulate filters have contributed to 8.4% annual Clean Air segment value-add revenue growth since 2010 (5-year CAGR) well ahead of global production of 3.3%. We believe the rollout of more stringent emissions in US and European markets beginning in 2017 (US Tier 3, Euro-6c) and phased in through 2027 will drive continued segment outperformance (est.”
According to TipRanks.com, Jordan is a 4-star analyst with an average return of 10.2% and a 69.2% success rate. Jordan covers the Services sector, focusing on stocks such as Pep Boys-Manny Moe & Jack, Kar Auction Services Inc, and Genuine Parts Company.
Tenneco Automotive has an analyst consensus of Moderate Buy, with a price target consensus of $65.