Analysts Offer Insights on Consumer Goods Companies: Marvell (NASDAQ: MRVL) and Canada Goose Holdings Inc (NYSE: GOOS)

By Austin Angelo

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Marvell (NASDAQ: MRVL) and Canada Goose Holdings Inc (NYSE: GOOS) with bullish sentiments.

Marvell (NASDAQ: MRVL)

Oppenheimer analyst Rick Schafer assigned a Buy rating to Marvell (NASDAQ: MRVL) yesterday. The company’s shares closed yesterday at $22.

According to TipRanks.com, Schafer is a top 100 analyst with an average return of 17.3% and a 72.8% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as NXP Semiconductors, Skyworks Solutions, and Texas Instruments.

Currently, the analyst consensus on Marvell is Strong Buy and the average price target is $29.11, representing a 32.3% upside.

In a report issued on May 29, MKM Partners also reiterated a Buy rating on the stock with a $30 price target.

See today’s analyst top recommended stocks >>

Canada Goose Holdings Inc (NYSE: GOOS)

In a report released yesterday, Jim Durran from Barclays maintained a Buy rating on Canada Goose Holdings Inc (NYSE: GOOS), with a price target of $50. The company’s shares closed yesterday at $45.17, close to its 52-week high of $45.80.

Durran has an average return of 72.7% when recommending Canada Goose Holdings Inc.

According to TipRanks.com, Durran is ranked #662 out of 4830 analysts.

Canada Goose Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $50.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.