Analysts Are Bullish on Top Consumer Goods Stocks: Applied Materials Inc (AMAT), Enviva (EVA)

By Carrie Williams

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Applied Materials Inc (AMATResearch Report) and Enviva (EVAResearch Report) with bullish sentiments.

Applied Materials Inc (AMAT)

In a report issued on August 12, Mitch Steves from RBC Capital maintained a Buy rating on Applied Materials Inc, with a price target of $54. The company’s shares closed last Monday at $48.06.

According to TipRanks.com, Steves is a 5-star analyst with an average return of 19.1% and a 70.0% success rate. Steves covers the Consumer Goods sector, focusing on stocks such as Dialog Semiconductor, Ichor Holdings Ltd, and Intel Corporation.

Applied Materials Inc has an analyst consensus of Strong Buy, with a price target consensus of $51.71, an 11.4% upside from current levels. In a report issued on August 12, B.Riley FBR also maintained a Buy rating on the stock with a $54 price target.

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Enviva (EVA)

In a report issued on August 12, Elvira Scotto from RBC Capital maintained a Buy rating on Enviva, with a price target of $39. The company’s shares closed last Monday at $29.49.

According to TipRanks.com, Scotto is a top 100 analyst with an average return of 20.1% and a 65.4% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP, Dcp Midstream Partners Lp, and Plains All American.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enviva with a $37 average price target.

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