Analysts Offer Insights on Consumer Goods Companies: Foresight Autonomous Holdings Ltd (NASDAQ: FRSX) and Craft Brewers Alliance (NASDAQ: BREW)

By Jason Carr

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Foresight Autonomous Holdings Ltd (FRSXResearch Report) and Craft Brewers Alliance (BREWResearch Report) with bullish sentiments.

Foresight Autonomous Holdings Ltd (FRSX)

Chardan Capital analyst James McIlree reiterated a Buy rating on Foresight Autonomous Holdings Ltd today and set a price target of $7.25. The company’s shares closed yesterday at $1.18, close to its 52-week low of $1.13.

McIlree noted:

“We believe this is an aggressive time line and could be subject to push-outs.”

According to TipRanks.com, McIlree is a 1-star analyst with an average return of -3.9% and a 43.9% success rate. McIlree covers the Consumer Goods sector, focusing on stocks such as Vuzix Corporation, KEYW Holding, and Arcimoto Inc.

Currently, the analyst consensus on Foresight Autonomous Holdings Ltd is a Moderate Buy with an average price target of $7.25.

See today’s analyst top recommended stocks >>

Craft Brewers Alliance (BREW)

Maxim Group analyst Anthony Vendetti maintained a Buy rating on Craft Brewers Alliance yesterday and set a price target of $21. The company’s shares closed yesterday at $15.42.

Vendetti said:

“BREW reported inline 1Q19 results (on May 8), and reaffirmed 2019 guidance, including depletions and shipment growth of between 5%-8%. Kona shipments grew 10% y/y, and depletions accelerated to 16% in April post- March Madness marketing campaign. BUD has the right to make a qualified offer of $24.50 to buy the remainder of BREW it doesn’t already own (BUD currently owns 31.3%), which expires August 23, 2019.”

According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 3.9% and a 48.2% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Xtant Medical Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Craft Brewers Alliance with a $20.33 average price target.

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